Australia — News Archive

Aussie Jumps as Westpac Drops Interest Rate Cut Forecast

The Australian dollar jumped today as Westpac Banking Corp. said that it no longer expects an interest rate cut from the Reserve Bank of Australia. Such comments boosted the currency even though there are analysts who still expect lower borrowing costs in the South Pacific country.

RBNZ Makes Week Stellar for New Zealand Dollar

The past week was very friendly to the New Zealand dollar as the nation’s central bank performed the long-awaited interest rate hike, making it clear that the New Zealand economy experiences strong growth and increasing the attractiveness of the currency to investors, particularly to carry traders who profit from difference of interest rates in various countries.

Goldman Sachs Forecasts Decline of Aussie

The Australian dollar trimmed yesterday’s gains versus the US dollar and reversed the rally versus the Japanese yen today as the negative market sentiment hurt growth-related currencies, while the Goldman Sachs forecast added to the woes of the Aussie.

Australian Dollar Rallies with Help of Employment Data

The Australian dollar surged today with help of employment data that was better than even optimistic forecasts, relieving fears of sluggish economic growth in Australia and returning attractiveness to the nation’s currency.

Aussies Drops for Fourth Session

The Australian dollar declined today, falling for the fourth straight trading session against its most-traded peers, as today’s economic data showed that the nation’s economy is still struggling.

Aussie Ticks Up as Business Confidence Remains Elevated

The Australian dollar gained today as nation’s business confidence remained at the elevated level in February even though it retreated a bit compared to the previous month.

Aussie Opens Lower on China’s Trade Data

The Australian dollar opened sharply lower today compared to the Friday’s close as China’s trade data, which was released over the weekend, showed an unexpected trade deficit, reinvigorating fears about slowdown of China’s economic growth. As of now, the currency trades flat against the US dollar and bounced versus the Japanese yen.

Australian Economy Continues Demonstrate Improvement, AUD Higher

Macroeconomic indicators continue to suggest that Australia’s economy experiences stable growth. This led to gains of the Australian dollar. Hopes for improvement of the global economy helped the currency too.

Australian Economic Growth Accelerates, AUD Moves Higher

The Australian dollar advanced today as nation’s economic growth accelerated, exceeding analysts’ expectations. It supported the outlook that the Australian economy will be able to grow without additional stimulus.

Aussie Slows Rally After RBA, Gets Help from Housing Data

The Australian dollar was rising yesterday, but slowed its rally against the US dollar and the euro after Australia’s central bank left the cash rate at the record low and said that the exchange rate is still high. The Aussie continued to rise against the Japanese yen.



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