The Australian dollar sank today, reaching the lowest level since May 2009 against its US counterpart. Australia’s economy relies strongly on export of raw materials, linking the performance of the Aussie to movement of commodity prices.
March 31st, 2015 at 15:39
The Australian dollar remained under downside pressure today, falling to the lowest level since March 18 against the US dollar and to the weakest since February 5 versus the Japanese yen. Currently, the Aussie fights the pressure, managing to trim its losses.
March 30th, 2015 at 12:03
Commodity currencies were on the back foot today as the US dollar continued to fight for dominance on the Forex market. The Australian currency was among losers falling for the fourth straight trading session against its US peer and the Japanese yen.
March 25th, 2015 at 14:50
The Australian dollar dipped today against its major rivals. While the currency was staying close to the opening level against the US dollar, it retained losses versus other currencies, including the euro.
March 24th, 2015 at 12:55
The Australian dollar was under pressure during the current trading session after a private report showed that China’s manufacturing was deteriorating this month. Yet the currency did not move far initially as other data from China was not bad and the domestic indicators were supportive as well. The Aussie made a sharp jump just recently.
March 23rd, 2015 at 11:44
The Australian dollar continued to move higher during the current trading session as the latest policy statement from the Federal Reserve hurt the US dollar, allowing other currencies to carve out gains.
March 19th, 2015 at 11:00
The Australian dollar leaped higher earlier on the news that the Federal Reserve was revising its economic forecast. Now, after a jump, the Aussie is down against the dollar and the pound, although it is still higher against the euro.
The Australian dollar weakened today, though the losses were limited. The Aussie was soft following the release of monetary policy minutes that mentioned probability of an interest rate cut in the future.
March 12th, 2015 at 10:09
The Australian dollar climbed today, rising 1 percent against its US peer, after a report showed robust growth of Australia’s employment and an unexpected drop of the unemployment rate.
March 11th, 2015 at 13:30
The Australian dollar bounced after reaching the lowest level since May 2009 against its US counterpart earlier today. Still, analysts think that there are plenty of reasons for the Aussie to resume its decline, and the currency indeed is dropping right now.