AUD finds support as the RBA keeps rates on hold
In short The Australian dollar fell overnight but recovered after the RBA left rates on hold The central banks view on the Australian economy also remained largely unchanged Australian trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6908 In the last week 0.6844 0.6929 In the last month 0.6714 0.6929 The Australian dollar gained against most major currencies after the RBA left interest rates on hold at 0.75% After nearly 3 years of no change, the central bank has cut rates 3 times this year in June, July and October. […]
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. […]
AUDNZD holds above 1.07 as the Aussie dollar moves up
In short AUD/NZD has remained above 1.07 after reaching 1.0826 this month – the highest rate since November 2018 The AUD/USD hit a 4-week high against the US dollar Comments from RBA governor help the Australian dollar higher Time Open High Low Today 1.0721 Yesterday 1.0738 1.0738 1.0738 In the last week 1.0754 1.0697 1.0792 In the 3 months 1.0411 1.0826 1.0318 The Australian dollar moved higher over the weekend as comments from RBA Governor Lowe talked down the chance of future rate cuts. Speaking in Washington on Friday last week, the head of the RBA remained optimistic about the […]
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 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 […]
