News

Aussie Dollar dips on weak retail sales figures but recovers above 69 cents

In short The Australian dollar fell after soft retail sales figures but remained above 69 cents It recovered against the British pound (GBP), Japanese Yen (JPY) and Euro (EUR) but stayed down against the NZ dollar (NZD) RBA unlikely to cut rates on Melbourne Cup on Tuesday Time Open Low High Today 0.6915 In the last week 0.6813 0.6929 In the last month 0.6714 0.6929 The Australian dollar was under fire early in the week as soft retail sales data sent it south. Figures showed almost no growth in retail sales of 0.2% which was lower than the 0.4% from […]

Australian Dollar to Yen hits 75 for the first time in months

In short The Australian dollar hits a 3 month high against the Japanese Yen The AUD/JPY has not been above 75 since late July Japanese central bank leaves rates on hold but signals rates could fall further Time Open Low High Today 74.43 In the last week 73.98 75.28 In the last month 71.75 75.28 Yesterday, the Australian dollar continued to get stronger against most currencies including the Japanese Yen. It traded above 75 for the first time since late July before falling. The big news out of Japan was the central bank of Japan keeping interest rates on hold. […]

AUD to USD exchange rate reaches a 3 month high

In short The Australian dollar hits a 3 month high against the US dollar The US dollar was particularly weak but the Aussie dollar moved higher against most major currencies except the NZ dollar The AUD/USD is up more than 3% since the start of October Time Open Low High Today 0.6899 In the last week 0.6899 0.6812 In the last month 0.6899 0.6676 The Australian Dollar continued to charge higher overnight, hitting 69 cents for the first time since July. The AUD/USD has now gained close to 2 and half cents since bottoming out at 0.6676 earlier in the […]

Australian dollar stronger overnight against the US dollar, Euro and Kiwi dollar but fails to fire against the Pound and Yen

In short The Australian is mixed against the major currencies lacking real direction The head of the RBA speaks today Interest rates are likely to be cut in the US on Wednesday Currency Open Low High Now AUD to USD 0.6822 0.6814 0.6868 0.6865 AUD to EUR 0.6156 0.6133 0.6183 0.6178 AUD to GBP 0.5318 0.5291 0.5345 0.5334 AUD to NZD 1.0743 1.0666 1.0804 1.0794 AUD to JPY 74.12 73.98 74.80 74.69 The Australian dollar had a mixed night, moving higher against the US dollar, Euro and NZ dollar but ended up flat against the British Pound and Japanese Yen. […]

AUD climbs overnight as all eyes turn to the US Federal Reserve

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 […]

A Big Week for Exchange Rates

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 […]