News

GBP to AUD hits 3 year high but could it go higher?

In short The GBPAUD hits 1.8481 for the first time since the Brexit vote 3 years ago It is now 18% higher than it’s low of 1.6000 in October 2016 A high GBPAUD makes it better for anyone transferring GBP back to Australia or selling GBP in cash Time Open Low High Today 1.8851 Yesterday 1.8983 1.8744 In the last week 1.8350 1.9064 In the last year 1.8481 1.9064 Brexit has been the biggest influence on the GBPAUD for the past 3 and an half years. Ever since the initial Brexit vote in mid 2016. At the time, the pound […]

The Aussie Dollar moves higher as unemployment falls

In short AUD/USD jumps higher and hits a 1 week high of 0.6791 The Australian dollar also moved up against the EUR, GBP, NZD and JPY Australian Unemployment fell from 5.3 to 5.2% Time Open Low High Today 0.6789 In the last 24hrs 0.6736 0.6791 In the last week 0.6724 0.6791 In the 3 months 0.6712 0.7064 The Aussie dollar (AUD) jumped higher against all currencies Thursday morning as soon as the unemployment figures came out. The figures were better than expected. They showed unemployment falling from 5.3 to 5.2%. This has been one of the more positive pieces of […]

The dollar drops against the USD and EUR

In short AUD/USD and AUD/EUR drop after drifting lower overnight The Australian dollar has held up against the GBP, NZD and JPY Trade relations and Brexit seem to be all the market is watching Time Open Low High Today 0.6724 Yesterday 0.6724 0.6767 In the last week 0.6724 0.6791 In the 3 months 0.6724 0.7037 The Australian dollar lost ground to the US dollar (USD) and Euro (EUR). It lost about 0.2% to both currencies after the market opened in Sydney this morning. It’s not all bad news for the local currency though. It traded sideways against the Kiwi dollar […]

The Australian dollar is not moving in the same direction

In short The Australian dollar opens the week moving down against the US dollar It’s not all one-way traffic through. It is higher against the Japanese Yen (JPY) and British Pound (GBP) Chinese trade data and RBA minutes fail to move the currency markets Currency Open Low High Now AUD to USD 0.6796 0.6753 0.6796 0.6783 AUD to EUR 0.6160 0.6118 0.6160 0.6149 AUD to GBP 0.5375 0.5365 0.5398 0.5377 AUD to NZD 1.0720 1.0720 1.0763 1.0750 AUD to JPY 73.70 73.05 73.79 73.50 The Australian dollar fell on Monday against most currencies but has been mixed since. The AUD/USD […]

Aussie dollar finishes the week on a high

In short The Australian dollar finished the week close its highest point at 0.6786 The AUD/USD ends slightly higher than where it opened the week on 0.6760 AUD/GBP fell sharply, finishing at 0.5364 Currency Open Low High Now AUD to USD 0.6760 0.6809 0.6714 0.6786 AUD to EUR 0.6168 0.6111 0.6170 0.6150 AUD to GBP 0.5491 0.5364 0.5528 0.5364 AUD to NZD 1.0720 1.0670 1.0730 1.0708 AUD to JPY 72.43 71.88 73.93 73.55 The Australian dollar was mixed on Friday night. It went up against the US dollar and the Japanese Yen, finishing the week slightly higher. In a complete […]

Australian Dollar remains under pressure

In short AUD to USD slips to one week low holding at 67 cents Recent gains against the NZD, JPY and EUR erased leaving the Aussie dollar flat Plenty of economic data out next week which could move the exchange rate Time Open Low High Today 0.6724 Yesterday 0.6723 0.6746 In the last week 0.6723 0.6771 In the 3 months 0.6683 0.7032 After getting pummelled early last week, the Australian dollar staged a recover on Thursday and Friday. It appears that the recovery was short and sweet. Since markets opened up on Monday, the Australian dollar has slowed edged its […]