Australia — News Archive

Australian Dollar Jumps After Trading Flat amid Mixed Fundamentals

The Australian dollar was under pressure during the current trading session after a private report showed that China’s manufacturing was deteriorating this month. Yet the currency did not move far initially as other data from China was not bad and the domestic indicators were supportive as well. The Aussie made a sharp jump just recently.

Australian Dollar Continues to Move Higher

The Australian dollar continued to move higher during the current trading session as the latest policy statement from the Federal Reserve hurt the US dollar, allowing other currencies to carve out gains.

Aussie Falls Back After Earlier Leap

The Australian dollar leaped higher earlier on the news that the Federal Reserve was revising its economic forecast. Now, after a jump, the Aussie is down against the dollar and the pound, although it is still higher against the euro.

Aussie Falls as RBA Minutes Mention Probability of Interest Rate Cut

The Australian dollar weakened today, though the losses were limited. The Aussie was soft following the release of monetary policy minutes that mentioned probability of an interest rate cut in the future.

Positive Employment Data Leads to Massive Gains for AUD

The Australian dollar climbed today, rising 1 percent against its US peer, after a report showed robust growth of Australia’s employment and an unexpected drop of the unemployment rate.

Australian Dollar Fails to Bounce, Plenty of Reasons to Extend Decline

The Australian dollar bounced after reaching the lowest level since May 2009 against its US counterpart earlier today. Still, analysts think that there are plenty of reasons for the Aussie to resume its decline, and the currency indeed is dropping right now.

Aussie Gains Despite Data from China

The Australian dollar gained today even though economic data from China, the biggest trading partner of Australia, was not particularly supportive for the currency.

Aussie Trades Higher After RBA Refrains from Action

The Australian dollar was trading above the opening level today after the Reserve Bank of Australia surprised the market by refusing to cut its main interest rate. Coupled with good macroeconomic reports, fundamentals looked very positive for the Aussie.

Aussie Weak Ahead of RBA Decision

The Australian dollar was trading below the opening level today as traders are waiting for tomorrow’s monetary policy decision from the Reserve Bank of Australia. Prospects for an interest rate cut hurt the attractiveness of the Aussie.

Australian Dollar Reverses Thursday’s Losses

The Australian dollar fell at the start of today’s trading session as macroeconomic data from Australia disappointed trades. Yet for whatever reason the currency managed to bounce and is trading above the opening level right now.

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