News

The Big events for the Australian Dollar this week

In short It’s been a quiet start to the week with little movement on currency exchange rates The head of the RBA speaks today which may move the Aussie dollar The US Federal Reserve sets interest rates this week with no change expected. Britain goes to the polls Time Open Low High Today 0.6826 In the last week 0.6815 0.6859 In the last month 0.6756 0.6863 Yesterday, the head of the Reserve Bank of Australia, Dr Philip Lowe gave a speech about payment systems. While the speech was interesting, it didn’t contain any indication on the outlook for interest rates […]

Australian dollar falls across the board as retail sales figures shows an economy stuck in neutral

In short The Australian dollar opened up on Friday down against the US dollar, Euro, Japanese Yen, British Pound and the New Zealand dollar Retail sales figures showed 0.0% growth compared to an expectation of about 0.3% While the figures show the economy is not growing, it isn’t a massive surprise Time Open Low High Today 0.6831 In the last week 0.6756 0.6859 In the last month 0.6756 0.6909 The Aussie dollar opened this morning down against all the major currencies. Weak retail sales figures out yesterday sent the Australian dollar lower. Why? Well, the figures showed that there was […]

Mixed day for the AUD ahead of retail sales data

In short The US dollar and Japanese Yen weakened overnight, pushing the AUD/USD and AUD/JPY higher The AUD opens lower against the Pound Sterling and flat against the Euro and NZ dollar Retail sales data out today could have a limited impact on the exchange rate Time Open Low High Today 0.6849 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The Australian dollar opens this morning with mixed performance against the major currencies. It is up against the US dollar and Japanese Yen, down against the British Pound and flat against the New Zealand dollar and […]

After moving up more than 1%, the Australian dollar is starting to fade

In short Strong Australian trade data helped the AUD higher The RBA keeping rates on hold also supported the currency Late today, the AUD/USD started to fall to 0.6822 by the end of trade Time Open Low High Today 0.6822 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The AUD/USD exchange rate managed to move higher on Tuesday and early on Wednesday thanks to a couple of Australian economic events. First, the trade balance figures came out. It showed a current account surplus for the second month in a row – something that hasn’t happened in […]

Strong Chinese and weak US data sends the Australian dollar higher

In short Strong Chinese manufacturing data helps the Aussie dollar higher Weaker than expected economic data from the US also sent the US dollar lower The AUD/USD went above 68 cents but the AUD/NZD fell below 1.05 Time Open Low High Today 0.6817 In the last week 0.6756 0.6823 In the last month 0.6756 0.6926 The Australian dollar opened up on Tuesday above 68 cents for the first time in a week an a half. There were 2 main drivers of the move higher. Firstly, manufacturing data out of China was better than expected. Why should this help the Australian […]

Australian Dollar opens the month heading down

In short The Australian dollar is falling against the US dollar It is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen The RBA meeting on Tuesday headlines a busy week for currency markets Time Open Low High Today 0.6760 In the last week 0.6756 0.6799 In the last month 0.6756 0.6926 The Australian dollar will open the week and the last of the month lower against the US dollar. It has been falling steadily for the last 3 weeks, particularly against the US dollar and NZ dollar losing 2-3%. It has not been volatile though. […]