The Australian dollar was little changed today after a report showed that the nation’s trade deficit shrank much more than was expected, supporting the opinion that an interest rate cut from the central bank is not required.
November 05th, 2013 at 16:46
The Australian dollar weakened today a bit after the central bank refrained from additional monetary easing, but complained that the currency is too strong and should depreciate in order to aid economic growth.
November 04th, 2013 at 12:54
The Australian dollar advanced today as domestic retail sales exceeded forecasts, giving hopes that the Reserve Bank of Australia will refrain from an interest rate cut. Positive data from China supported the currency too.
November 01st, 2013 at 13:02
Good macroeconomic reports from China did not help Asian currencies, most of which remained subdued, but boosted the Australian dollar. The Aussie rose a little after yesterday’s decline also with the help of domestic data.
October 31st, 2013 at 11:57
The Australian dollar rose against its US counterpart today, supported by very good housing data. The Aussie was flat against the Japanese yen.
Aussie is mixed today following comments from the governor of the Reserve Bank of Australia. However, there is a good chance that the comments will send the Aussie a bit lower in the future, since he said outright that he expects the Australian dollar to head lower in the future.
October 29th, 2013 at 13:49
The Australian dollar extended its decline for the fourth trading session today after Reserve Bank Governor Glenn Stevens suggested that the currency may weaken significantly.
The Australian dollar advanced today on speculations that central banks around the world will maintain monetary accommodation. Hopes that China will continue to show sustainable growth also helped the currency.
October 23rd, 2013 at 20:20
The Australian dollar tumbled today as news from China resulted in risk aversion driving investors away from currencies with higher yield.
The Australian dollar advanced today after data showed that consumer prices were rising last month much faster than was expected. It suggests that the nation’s central bank has less incentive to ease its monetary policy further.