Australia — News Archive

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.

Aussie Drops for Third Session with Capital Spending

The Australian dollar extended its drop to the third consecutive session today as capital spending fell more than was expected, hurting the traders’ sentiment that was already sour due to concerns about signs of economic slowdown in China.

Aussie Falls on Concerns About China

Australian dollar is vulnerable right now, and heading lower against its major counterparts. Worries about the economic situation in China, as well as concerns about commodities, are weighing on the Aussie today.

Australian Economic Indicators Confusing, AUD Trades Flat

The Australian dollar traded mostly flat today as economic indicators were confusing, creating no clear picture of Australia’s economic health. The currency started the trading session with a sharp drop, but managed to rebound against the US dollar and the euro later.

AUD/JPY Rises After RBA Minutes, AUD/USD Stays Flat

The Reserve Bank of Australia released the minutes of its latest policy meeting today. The Australian dollar rose against the Japanese yen after the release, but was flat against its US peer.

Aussie Resumes Rally with Help from China’s Consumer Inflation

The Australian dollar resumed its rally, following yesterday’s drop, as accelerating inflation in China improved prospects for exports from the South Pacific nation and lifted the traders’ sentiment.

Aussie’s Rally Stalls on Abysmal Employment Data

The Australian dollar sank today as employment data was much worse than optimistic analysts’ expectations, leading to speculations that the currency has exhausted its rally and is going to reverse the uptrend.

Aussie Maintains Rally with Help of Chinese Economic Data

The Australian dollar continued to show strength today with the help of a positive trade balance report from China. The currency managed to hold onto gains even as domestic data was not helpful, showing a decline of consumer sentiment.

Positive Economic Indicators Support Bullish Momentum of Aussie

The Australian dollar rose today as positive macroeconomic data added to the bullish momentum that the currency was demonstrating this month. The Aussie advanced against the majority of its most-traded peers and reached the highest level in four weeks versus the US dollar.

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