Australia — News Archive

Australian Dollar Rises on Jobs Data

The Australian dollar rose today due to signs of continuous improvement of Australia’ labor market. The number of jobs advertisements grew for the eighth consecutive month in January, suggesting that the Australian economy performs relatively well.

Australian Dollar Resilient in Face of Negative Fundamentals

The Australian dollar edged higher today even though fundamentals, both domestic and overseas, were not particularly supportive for the currency. The currency has been surprisingly resilient after the unexpected interest rate cut from the Australian central bank.

Aussie Tanks on RBA Cut

Australian dollar is heading much lower today, dropping across the board following a rate cut from the Reserve Bank of Australia. Concerns about economic growth are weighing on policymakers, and they feel that this is the best move they can make to help spur the economy forward.

Aussie Mixed as Data Matches Expectations

The Australian dollar demonstrated mixed performance today as economic data from Australia matched analysts’ predictions. The Aussie was flat against the US dollar, rose versus the euro and fell against the Japanese yen.

Aussie Falls to Lowest since 2009 vs. US Dollar

The Australian dollar fell today, sinking to the lowest level since July 2009 against its US counterpart and reaching the lowest since March 17, 2014, versus the Japanese yen. The currency declined due to Australia’s economic data that was not particularly good.

Aussie Bounces with Help of Data from China

The Australian dollar fell against its US counterpart earlier today but bounced later with the help of positive economic data from China. The Aussie also rallied versus the Japanese yen.

Australian Dollar Jumps, Supported by Economic Data

The Australian dollar jumped today as economic reports from Australia as well as from the United States were positive, improving the market sentiment and encouraging traders to take more risk.

Australian Dollar Mixed During Asian Trading

The Australian dollar was mixed during the Wednesday’s Asian trading session. The currency fell a little versus its US counterpart, was flat against the euro and jumped versus the Japanese yen.

Australian Dollar Gains on Trade Balance & China’s Data

The Australian dollar gained today as the nation’s trade balance came out better than analysts have predicted. Macroeconomic data from China was helpful too.

Australian Dollar Retreats After Rally

The Australian dollar went down after the initial spike today. The currency rallied after the surprisingly good employment report but was unable to sustain gains. The Aussie traded below the opening level against the US dollar and the euro but hangs above the opening versus the Japanese yen.

Archives

SUBSCRIBE

Follow Top Forex News on Google+ G+