Justin Rampono

In short The Australian dollar rebounded higher overnight against the US dollar It also moved up against the NZD, JPY and EUR but remained flat against the GBP Interest rates are likely to be cut in the US on Wednesday Time Open High Low Today 0.6837 In the last week 0.6880 0.6812 In the last month 0.6880 0.6676 Overnight, the Australian dollar posted modest gains against most major currencies. Markets were largely positive, sending stock markets, commodity prices and currencies like the Australian dollar higher. The Australian Dollar to US dollar exchange rate will be watched closely on Wednesday as […]

In short The Australian dollar posted strong gains but started to fade last week Interest rates in the US could be coming down on Wednesday Important Australian inflation (CPI) data this week Time Open High Low Today 0.6816 In the last week 0.6812 0.6880 In the 3 months 0.6676 0.6966 In October, the AUDUSD has been savaged to a 10-year low under 67 cents before making a reasonable comeback. Last week, it managed to hit 0.6880 before losing more than 1% since late last week to settle above 0.6700. The short-term direction of the Australian dollar could be defined by […]

In short The Australian dollar falls but remains above 68 cents USD and JPY strengthen Important Australian inflation (CPI) data next week Time Open High Low Today 0.6828 Yesterday 0.6812 0.6846 In the last week 0.6812 0.6880 In the 3 months 0.6676 0.6978 The AUD to USD rate fell overnight as tensions between the US and China rose once again. This has left the Australian dollar weaker after posting some strong gains earlier in the week. It also fell against the Japanese Yen and the Euro as so called ‘riskier’ currencies like the Aussie dollar got sold down. Moving into […]

In short The Australian dollar is unchanged from yesterday A lack of news has left the Australian dollar flat around 0.6850 No major Australian economic data out until inflation (CPI) next week Time Open High Low Today 0.6848 Yesterday 0.6841 0.6857 In the last week 0.6780 0.6880 In the 3 months 0.6676 0.6996 The Australian dollar was kept to an exceptionally tight range. What is a ‘tight range’ Generally, if an exchange rate is in a tight range, it’s price movement both up and down has been minimal. In this case, the Australian dollar exchange rate traded between 0.6840 and […]

In short The AUD has lost ground to the USD looking exhausted The AUD/GBP bounces higher after weeks of falling No major Australian economic data out until inflation (CPI) next week Time Open High Low Today 0.6843 Yesterday 0.6852 0.6880 In the last week 0.6729 0.6880 In the 3 months 0.6676 0.6980 Looking at the forecasts from the biggest banks in Australia, the Australian dollar is expected to fall further this year. The average bank forecast has the Australian dollar falling at least another 3-5% from its current rate above 68 cents. The AUD/USD has now improved nearly 3% since […]