Australian Dollar likely to end November on a low point
In short The Australian dollar has lost ground in November It has lost the most ground to the US dollar but is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen Interest rate expectations in Australia weighs on the AUD Time Open Low High Today 0.6766 In the last week 0.6761 0.6811 In the last month 0.6761 0.6926 The Australian dollar falling In November, the Australian dollar has fallen: 1% against the US dollar and more than 2% from it’s recent peak at 0.6926 1% against the British Pound and more than 2% from it’s recent […]
GBP/AUD hits 1.9000 for the first time in years
In short The GBPAUD hits 1.9000 for the first time since the Brexit in June 2016 The British Pound has gradually been getting strong against the Australian dollar for 3 years The AUD/NZD also broke new ground, sinking below 1.0600 Time Open Low High Today 1.9020 In the last week 1.8350 1.9064 In the last 5 years 1.5909 2.2089 The Australian dollar lost a little ground overnight. The AUD/USD fell below 68 cents while the AUD/NZD fell under 1.0600 for the first time in almost 3 months. The small fall was enough to push the GBP/AUD up above 1.9000 for […]
Australian Dollar tanks 2 cents in 2 weeks against the NZ dollar
In short AUD/NZD hits 1.0631 yesterday The Australian dollar has now fallen more than 2 cents in less than 2 weeks Despite the fall, the AUD/NZD remains above it’s average over the last year Time Open Low High Today 1.0643 Yesterday 1.0646 1.0613 1.0656 In the last week 1.0763 1.0607 1.0820 In the last month 1.0738 1.0607 1.0858 Just after the RBA kept rates on hold earlier this month, the AUD/NZD hit its highest point in over a year, reaching 1.0858. Since then, it’s been one way traffic south. The AUD to NZD exchange rate has fallen more than 2 […]
Why the outlook for the Australian Dollar is so uncertain
In short The Aussie dollar ends the week lower against the US dollar but flat or higher against other major currencies Strong trade balance figures fail to lift the AUD Forecasts for the Australian dollar vary but most point towards a lower exchange rate Currency Open Low High Now AUD to USD 0.6907 0.6863 0.6929 0.6879 AUD to EUR 0.6185 0.6168 0.6257 0.6224 AUD to GBP 0.5346 0.5344 0.5398 0.5368 AUD to NZD 1.0815 1.0863 1.0804 1.0804 AUD to JPY 74.60 74.58 75.65 75.13 The Australian dollar may have lost ground to the US dollar this week but it is […]
Aussie dollar drifts lower ahead of Trade Balance figures
In short The Australian dollar falls below 69 cents against the US dollar Mixed results against other major currencies Australian and Chinese trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6881 In the last week 0.6871 0.6929 In the last month 0.6714 0.6929 Overnight the AUD/USD drifted below 69 cents for the second time this week. It wasn’t all bad news for the local currency though. It remained broadly unchanged against the Euro, British Pound and New Zealand Dollar. With the RBA meeting done for another month, the markets attention […]
RBA holds its horses as the Australian dollar advances
In short The Australian dollar is up against the Euro, Yen and NZ dollar The RBA leaves interest rates on hold Australian trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6890 In the last week 0.6850 0.6929 In the last month 0.6714 0.6929 The Australian dollar moved higher against the Euro, Yen and NZ dollar overnight, adding around 1%. Meanwhile, the AUD/USD rate traded either site of 69 cents despite some gains yesterday. Yesterday, the Reserve Bank of Australia met just before the Melbourne Cup. With little chance of an […]
