Australian dollar is heading lower today, thanks mainly to disappointing Chinese data. With Chinese data down, and concerns about the Australian economy, there is speculation that the RBA will have to consider cutting rates again.
April 10th, 2015 at 16:47
The Australian dollar went down today as economic data from both Australia and its biggest trading partner, China, was unfavorable to the currency. While the Aussie managed to gain on the euro, it declined versus the US dollar and the Japanese yen.
April 10th, 2015 at 15:56
The Chinese yuan slipped against the US dollar today even though China’s consumer price inflation remained steady at an elevated level. The problem for the currency is the fact that producer prices remained in deflation for the 38th consecutive month.
April 10th, 2015 at 12:25
The US Dollar index is climbing again, heading toward the 100 level again. With the Federal Reserve expected to hike interest rates later this year, and with the greenback remaining the dominant currency in the world, there’s little to slow it down.
March 27th, 2015 at 11:26
Australian dollar is mostly lower today, falling against its major counterparts, as risk appetite flees and gold prices drop. Aussie isn’t expected to improve much in the coming weeks, either. There is a lot weighing on the Aussie right now.
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 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.
March 16th, 2015 at 11:44
China’s Premier Li Keqiang signaled that policy makers will stimulate the nation’s economy if growth continues to slow. His speech led to a jump of Chinese shares, but the yuan was trading lower at the start of the week.
March 10th, 2015 at 12:55
The Chinese yuan traded almost flat during the European session after economic data from China came out mixed with rising consumer inflation but falling producer prices.
March 09th, 2015 at 12:43
The Australian dollar gained today even though economic data from China, the biggest trading partner of Australia, was not particularly supportive for the currency.