The Australian dollar gained today on hopes that China, the biggest Australian trading partner, will stimulate its economy. The Aussie rallied against the US dollar and demonstrated small gains against other major currencies.
Commodities — News Archive
October 23rd, 2015 at 14:12
US dollar index is extending its recent rally, and between yesterday and today has erased its earlier losses in October. Thanks to expectations for a Federal Reserve rate hike sometime in late 2015 or early 2016, plus policy divergence expectations, the greenback is surging against its major counterparts.
October 19th, 2015 at 21:18
The Canadian dollar slumped today as China’s not-so-good macroeconomic data dragged prices for raw materials down, hurting commodity-linked currencies along with them.
September 21st, 2015 at 21:56
The South African rand fell against the strong US dollar today. The currency still performed relatively well due to the help of rising commodity prices.
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 19:09
The Canadian dollar gained on its US peer today as crude oil prices steadied, helping the loonie to halt its decline. The Canadian currency did not fare as well against other major rivals, being flat against the Japanese yen and sinking versus the euro.
July 20th, 2015 at 11:59
The South African rand was one of the weakest currencies on the Forex market today. The reason for such poor performance was the decline of prices for raw materials.
June 02nd, 2015 at 11:39
US dollar is struggling today, and that is helping commodities as the greenback drops against its major counterparts. Dollar is also lower as Forex traders position themselves for a Greek bailout deal and look to the future.
May 28th, 2015 at 10:57
US dollar is retreating from recent highs today, especially against the euro. The dollar index is lower as a result. However, expectations for long-term dollar strength aren’t over yet.
May 19th, 2015 at 10:55
US dollar is heading higher today, strengthening on likely policy divergence with European currencies. Greenback is gaining support as economic data in other regions sour and as commodities fall back.