The Australian dollar managed to rise today paring yesterday’s losses, with help from China’s macroeconomic data that showed an unexpected improvement of the manufacturing sector.
August 20th, 2013 at 12:12
The Australian dollar dropped today after the Reserve Bank of Australia released the minutes of its last policy meeting. The central bank was more dovish than it looked previously and hinted that further interest rate cuts are not impossible.
August 19th, 2013 at 23:48
The Australian dollar went higher at the beginning of the trading week, but was unable to keep gains and went down as traders continued to wait of the minutes of the last central bank’s meeting.
The Australian dollar was flat today as Forex traders were unsure about future monetary policy of the nation’s central bank and were waiting for the minutes of this month’s policy meeting that will be released next week, hoping to understand what the bank will do.
August 13th, 2013 at 10:07
The Australian dollar fell today against its US peer after the release of business confidence report, but managed to recover as of now. The currency advanced versus the Japanese yen.
Traders were rather pessimistic about the Australian dollar at the start of this week, making it surprising to see that the currency ended the week with solid gains. The Aussie rallied mainly on overseas news, not domestic fundamentals.
August 08th, 2013 at 13:06
Fundamental data from Australia was rather negative today, but it did not hinder the Australian dollar’s rally. The currency gained as Chinese imports increased last month, improving prospects for Australian goods.
The Australian dollar climbed today even though the central bank cut interest rates. The statement was less dovish than usual, allowing the currency to bounce, while positive economic data added to the strength of the Aussie.
The Australian dollar fell sharply last week, touching the lowest level in 3 years against its US counterpart. Will the slide continue or the currency has found its bottom? Tomorrow’s meeting of Australian policy makers may give an answer to this question.
August 05th, 2013 at 9:31
The Australian dollar was soft today ahead of tomorrow’s Reserve Bank of Australia policy meeting as retail sales trailed forecasts, adding to speculations that the central bank will cut interest rates.