The Australian dollar fell against its US counterpart today after the Chinese trade balance demonstrated an unexpected surplus. The currency extended its rally versus the Japanese yen.
AUD Rallies Even as Trade Gap Unexpectedly Widens
March 07th, 2013 at 13:08
The Australian dollar managed to rise today even after the data showed that the trade balance deficit widened, surprising traders who have expected it to decline.
Growing Australian Economy Makes AUD More Appealing
March 06th, 2013 at 12:02
Australia’s economy demonstrated stable growth last quarter and this increased the appeal of the nation’s currency. It is not a surprise that the Australian dollar rose today, considering the positive domestic data.
Retail Sales & RBA Monetary Decision Boost Australian Dollar
March 05th, 2013 at 12:29
The Australian dollar rallied today as retail sales beat expectations in January and the Reserve Bank of Australia left interest rates unchanged. The currency gave away some of its initial gains and erased the rally versus the yen completely.
Australian Dollar Suffers Both from Domestic & Overseas Reports
March 04th, 2013 at 16:24
The Australian dollar weakened today after a report showed that building approvals unexpectedly fell in January. Macroeconomic data from China was also not supportive for the currency.
Aussie Reverses Losses on Speculations RBA Will Hold Rates
March 01st, 2013 at 4:38
The Australian dollar gained today on speculations that the Australian central bank will pause interest rate cuts to gauge the impact of the accommodative monetary policy on the economy. Earlier, the currency was falling amid negative reports from China.
US Dollar Weakens as Optimism Helps Risk Appetite
February 27th, 2013 at 16:00
US dollar is weakening today as optimism makes an appearance on the markets, and risk appetite improves. However, even though greenback is mostly down against other majors, it is holding ground against commodity currencies, which continue to drag on gold’s lackluster performance.
AUD & NZD Weak amid Risk Aversion Caused by Italian Election
February 27th, 2013 at 2:46
The Australian dollar extended the decline against its US peer as the indecisive outcome of the Italian election fueled the risk aversion sentiment among Forex traders. The New Zealand dollar paused its drop, but remained weak as the nation’s trade balance posted an unexpected deficit.
Falling Chinese PMI Leads to Drop of Aussie
February 25th, 2013 at 17:50
The Australian dollar dropped today as the manufacturing data from China, Australia’s major trading partner, disappointed market participants, showing unexpected slowdown of sector’s growth.
Stevens’ Comments Lead to Surge of Australian Dollar
February 23rd, 2013 at 0:46
The Australian dollar jumped and closed with a big gain yesterday after the central bank’s head signaled that he may pause interest rate cuts and said that he is not going to target a particular level of the exchange rate.
