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 Opens the Week Lower
In short The Australian dollar opens the week lower against most major currencies Retail sales figures out on Friday shows Aussies are not spending their tax cuts US employment data made the US dollar weaker, helping the AUD to USD to finish the week on a high Currency Open Low High Now AUD to USD 0.6771 0.6750 0.6771 0.6752 AUD to EUR 0.6167 0.6146 0.6167 0.6148 AUD to GBP 0.5488 0.5476 0.5501 0.5477 AUD to NZD 1.0724 1.0691 1.0728 1.0694 AUD to JPY 72.91 72.00 72.91 72.12 Friday was a mixed day for the Australian dollar with weaker economic data […]
Australian dollar bounces back
In short The Australian dollar has bounced Thursday night after getting punished Tuesday and Wednesday Broad gains against the New Zealand Dollar, British Pound, Japanese Yen or Euro The AUD looks likely to finish the week close to where it started despite the volatility Currency Open Low High Now AUD to USD 0.6770 0.6770 0.6683 0.6744 AUD to EUR 0.6192 0.6119 0.6199 0.6147 AUD to GBP 0.5493 0.5429 0.5504 0.5467 AUD to NZD 1.0681 1.0677 1.0710 1.0709 AUD to JPY 72.83 71.78 73.16 72.06 The Australian Dollar staged a mild recovery on Thursday night as the US dollar fell against […]
Australian Dollar spikes then gets dumped following RBA interest rate cut
In short The Australian dollar went down before the interest rate announcement, bounced higher straight after the announcement then fell sharply Broad losses against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA also expected to cut rates next month to 0.75% Time Open Low High Today 0.6751 Yesterday 0.6768 0.6734 In the last week 0.6747 0.6801 In the 3 months 0.6734 0.6710 The RBA met today and announced that official interest rates are to be cut by 0.25% to 0.75%. While this was largely expected, most market analysts poured through the statement that came with the […]
Australian Dollar finishes the week flat against all major currencies
In short The Australian dollar finishes the week as it started – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6751 Yesterday 0.6747 0.6778 In the last week 0.6747 0.6801 In the 3 months 0.6727 0.7022 Last night in the US, the GDP and Trade Balance figures came in close to expectations, leaving the markets little to react to. Here is where the Australian Dollar (AUD) has traded […]
Will the AUDJPY rate go up by the end of 2019?
Not likely. Since March, the Japanese Yen (JPY) moved higher, but the Australian dollar (AUD) plunged. The result short-term, has been a AUD JPY exchange rate that dropped to 10-year lows. With investors worried about US and China trade wars, most of the investment is flowing to the Japanese Yen. This is because the Japanese Yen is considered a “safe” investment, while the Australian Dollar is considered a relatively “high risk” asset. Bank experts find this interplay between the Australian dollar and Japanese Yen interesting, because it shows how worried or happy investors are about the state of the global […]
