The Australian dollar gained today as the Australian business confidence improved last month, albeit not much. The currency was also supported by hopes for strong employment growth.
The Australian dollar halted its two-day drop today but has hard time carving out gains as domestic fundamentals are still dragging the currency down. The Aussie was heading to a weekly loss versus its US counterpart.
July 03rd, 2014 at 5:17
The Australian dollar dropped today, extending its decline for the second session, as economic data and comments of central bank’s chief made Forex traders concerned about the currency’s ability to sustain its recent gains.
July 02nd, 2014 at 10:46
The Australian dollar weakened today as the nation’s trade balance deficit widened unexpectedly in May, damping optimism for the currency but not erasing it completely.
July 01st, 2014 at 10:41
The Australian dollar advanced today, rising for the fifth straight trading session versus its US counterpart, as the nation’s central bank maintained status-quo, changing neither the current monetary policy nor the outlook for interest rates. Manufacturing data from China added to positive factors for the Aussie.
June 17th, 2014 at 6:50
The Australian dollar dipped today as the Reserve Bank of Australia confirmed in its policy meeting minutes that it is going to keep interest rates at the current record low level for a prolonged time.
June 12th, 2014 at 10:14
The Australian dollar dipped after data showed a drop of employment, but the currency bounced later and trades now above the opening level as the report turned out to be not as bad as it looked at the first glance.
June 10th, 2014 at 16:08
The Australian dollar rallied against its US peer and erased losses versus the Japanese yen today with help of rather positive domestic business confidence and good economic data from China.
June 05th, 2014 at 11:51
The Australian dollar rose against its US peer today even though the trade balance surplus unexpectedly turned into deficit in April. The currency sank against the Japanese yen earlier but bounced later and trades near the opening level currently.
June 04th, 2014 at 5:17
The Australian dollar rallied today with help of favorable economic reports, including the GDP report that showed accelerating economic growth in Australia. The Aussie has trouble keeping gains, retreating close to the opening level versus its US peer and halting the rally against other currencies.