Australian dollar drops under 65 cents as pandemic fears move markets
In short The AUD/USD fell below 65 cents as soon as markets opened Monday morning It’s the first time the Australian dollar has gone under 65 cents since the GFC It’s a big week for the Australian dollar with the RBA meeting tomorrow Time Open Low High Today 0.6468 In the last week 0.6464 0.6621 In the last month 0.6464 0.6770 The Australian dollar was hammered last week, hitting an 11 year low but holding above 65 cents. As soon as foreign exchange markets opened this morning, that trend continued as the local currency fell below 65 cents for the […]
AUD heads below 66 cents as virus fears grip markets
In short AUD USD falls below 66 cents for the first time since the GFC The Australian dollar has held up against the other major currencies Little economic data out this week Time Open Low High Today 0.6599 In the last week 0.6587 0.6706 In the last month 0.6587 0.6821 The AUD/USD has spent this week trading either side of 66 cents. It has been slipping lower against the US dollar for a few weeks as coronavirus fears increase. Interestingly, the Australian dollar has not fallen against all currencies. In fact, it has largely remained unchanged against the Euro, British […]
The Aussie dollar opens the week above 67 cents. But how long will it last?
In short The AUD/USD starts the week just above 67 cents The Australian dollar is up against the Euro, down against the British pound and flat against the NZ dollar and Yen Australian employment data out Thursday Time Open Low High Today 0.6725 In the last week 0.6672 0.6750 In the last month 0.6663 0.6887 Currency markets started the week how then ended it – fairly flat and quiet. The Australian dollar has barely moved against the US dollar or any of the major currencies in the last few days. This is because there has not been any unexpected news […]
AUD/USD fails to rebound back above 67 cents
In short The AUD/USD rose above 67 cents yesterday before falling again Coronavirus fears appear to be driving risk sentiment AUD/NZD hits a 2 month high Time Open Low High Today 0.6685 In the last week 0.6663 0.6771 In the last month 0.6663 0.6927 The Australian dollar rebounded above 67 cents briefly yesterday before falling back overnight. Any gains for the AUD/USD exchange rate have been limited since the outbreak of the coronavirus last month. The AUD was largely flat against most of the major currencies except the AUD/NZD, which has hit a 2 month high above 1.0450. This seems […]
Australian Dollar hits lowest point since 2009
In short The Australian dollar is at its lowest point against the US dollar since 2009 Falling commodity prices and concerns over the coronavirus have weighed heavily against the AUD RBA Governor Lowe to speak again this week Time Open Low High Today 0.6673 In the last week 0.6663 0.6771 In the last month 0.6663 0.6927 The Aussie Dollar has fallen to its lowest AUD/USD exchange rate since 2009. A weak session on Friday was enough to send the local currency to fresh 11 year lows as concerns over the coronavirus weighed on markets and the Australian currency. The RBA […]
Currency in the USA
Currency in the US What Currency is Used in the USA The currency used in the US is called the US dollar (USD) and is represented by the symbol $. It is the most recognised, traded and accepted currency in the world. Other names it is called include the ‘greenback’ (financial settings) or ‘buck’ (informal settings). US dollars are available in many different denominations. This includes seven denominations in notes, as seen in our pictures. American banknotes are made with a blend of 25% linen and 75% cotton, making them a little less impervious to wear and tear than plastic […]
