The Australian dollar dropped more than 1 percent today, reaching the lowest level in more than 6 years against its US counterpart. The reason for the slump was the depressing manufacturing data from China.
July 24th, 2015 at 13:40
July 22nd, 2015 at 11:36
The Australian was little changed today, trading slightly below the opening level but far above the session lows. In fact, the currency barely moved during the past couple of weeks.
July 21st, 2015 at 15:00
The Australian dollar rallied today, ignoring the negative impact of the monetary policy meeting minutes released by the Reserve Bank of Australia. The positive market sentiment supported the currency.
July 16th, 2015 at 13:21
Aussie is regaining some of the ground lost earlier after the announcement that the US Federal Reserve plans to raise rates before the end of the year. Commodity currencies were under pressure toward the end of the day yesterday, and the Australian dollar felt some of that.
July 15th, 2015 at 11:12
The Australian dollar attempted to rally today after the release of a set of positive macroeconomic reports from China. The rally was not big and currently is fading away.
July 14th, 2015 at 0:21
The Australian dollar ticked down against its US peer but gained on the euro and the Japanese yen during Monday’s trading. The currency was mostly driven by the news from Europe and China.
July 11th, 2015 at 19:32
The Australian dollar was relatively soft during the past trading week but fared somewhat better than it had been anticipated. The currency’s losses against the US dollar were limited, and the Aussie even managed to rise a little versus the Japanese yen.
July 10th, 2015 at 9:48
The Australian dollar continued to rally today even though domestic macroeconomic data was rather detrimental to the currency. It looks like the trading environment continues to favor risky growth-related currencies.
July 09th, 2015 at 21:22
The Australian dollar advanced today as domestic employment data was surprisingly positive, especially compared to rather pessimistic forecasts. This allowed the currency to bounce from multi-year lows it had touched against the US dollar and the Japanese yen previously.
July 07th, 2015 at 10:59
The Australian dollar sank today, reaching a new multi-year low against its US peer, after the Reserve Bank of Australia held its monetary policy meeting. The central bank made no surprises to the market, keeping its policy steady.