The Australian Dollar opens 2020 above 70 cents but then falls
In short AUD/USD finishes 2019 just above 70 cents A stronger US dollar sends it lower in early January Forecasts for the Australian dollar in 2020 predict a lower exchange rate Time Open Low High Today 0.6942 In the last week 0.6932 0.7046 In the last month 0.6802 0.7046 The Australian dollar had a strong end to 2019, hitting a 6 month high above 70 cents on the last day of the year. With holidays in most major markets, it has been a slow start to the calendar year. The AUD/USD exchange rate has fallen back below 70 cents as […]
Australian dollar bolts higher on strong employment data
In short Unemployment unexpectedly fell to 5.2% The drop in unemployment was largely driven by part-time employment The AUD rose against all the major currencies but remains under 69 cents against the US dollar Time Open Low High Today 0.6877 In the last week 0.6840 0.6934 In the last month 0.6759 0.6934 The Australian dollar rose today against all the major currencies but remains just under 69 US cents. At 1130 AEDT, the Australian Bureau of Statistics released the labour force data. This includes The unemployment rate The number of new jobs created or lost, both full-time and part-time The […]
Aussie dollar drifts lower ahead of unemployment data
In short The Aussie dollar continues to trade lower against the US dollar In a mixed 24 hours, the AUD has opened higher against the British Pound (GBP), flat against the NZ Dollar (NZD) and down against the Euro (EUR) Australian unemployment data out tomorrow Time Open Low High Today 0.6853 In the last week 0.6806 0.6934 In the last month 0.6759 0.6934 The Australian dollar has had a fairly uneventful week so far. After hitting a 5 month high above 69 cents on Friday, it has drifted more than 1% lower. The AUD/USD exchange rate which was driven higher […]
AUD/USD back above 69 cents as the UK votes – again
In short The Australian Dollar rose above 69 cents on the hopes of a trade deal between the US and China It’s at it’s highest point against the AUD/USD in over 4 months The Conservative Party looks like it will win the UK Election Time Open Low High Today 0.6927 In the last week 0.6802 0.6936 In the last month 0.6759 0.6936 The AUD to USD exchange rate hit a 4 month high of 0.6936 early this morning. It was largely driven by a weaker US dollar. The US dollar weakened because the market thinks that the US and China […]
Australian Dollar hits a 5 week high making it cheaper to travel
In short AUD/USD hits 0.6888 as interest rates stay on hold in the US The Australian Dollar also went up against the Euro, Japanese Yen, British Pound and New Zealand Dollar The election in the UK could affect the AUD to GBP exchange rate Time Open Low High Today 0.6876 In the last week 0.6802 0.6888 In the last month 0.6759 0.6888 Yesterday, the Aussie dollar fell to 0.6802 before rising more than 1% overnight. Consumer confidence figures confirmed the weakness in the economy. The figures showed a fairly pessimistic outlook of Australian consumers despite 3 interest rate cuts and […]
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 […]
