Australia — News Archive

AUD Drops to Lowest Since 2010 vs. USD

The Australian dollar fell today, reaching the lowest rate since July 2010 against its US counterpart. The currency dropped as Australia’s economic growth slowed, missing analysts’ projections.

Aussie Rises for Second Day, Gets Help from Fundamentals

The Australian dollar rallied today, rising for the second consecutive trading session. The currency advanced as the central bank left interest rates unchanged while macroeconomic indicators exceeded economists’ expectations.

Aussie Bounces from Multi-Year Low

The Australian dollar managed to bounce after the initial drop today. The currency rose even though fundamentals were not particularly supportive. The Aussie dropped to the new multi-year low against the US dollar previously.

Aussie Follows Footsteps of Kiwi

The Australian dollar followed the footsteps of its New Zealand counterpart, failing to rally against the US dollar yesterday and trimming today’s losses. The currency also rallied versus the Japanese yen.

Aussie Rises During Abbreviated Trading

The Australian dollar rallied today even as central bank’s officials continued to complain about the excessive strength of the currency. The Aussie was down during two previous trading sessions. Today’s trading may be choppy because of light volume due to a holiday in the United States.

China’s Interest Rate Cut Lifts Australian Dollar

The Australian dollar climbed today, reaching the highest level in more than a year and half against the Japanese yen. The rally followed a surprise interest rate cut from China’s central bank.

Aussie Shows Resilience in Face of Bad Data

The Australian dollar fell earlier today as economic data from around the world suggested that global growth is losing steam. Yet the currency demonstrated resilience and bounced back to the opening level as of now.

Aussie Retreats to Opening Level After Rally

The Australian dollar rallied after the minutes of the latest central bank’s policy meeting but retreated later and now trades near the opening level. It is possible that the currency will fall even further.

Aussie Swings, Then Moves Lower

It’s been a choppy morning of trading so far, thanks in large part to the surprise data that shows Japan is in recession. The move has certainly impacted the Australian dollar, leading to wild swings in earlier trading. Now, though, the Aussie has settled down a little bit and is moving lower against most of its major counterparts.

Aussie Gains on Inflation Expectations, Dismisses Data from China

The Australian dollar dipped against its US counterpart and the Japanese yen at the start of today’s trading session but jumped after the gauge of inflation expectations rose.

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