No news is good news for the Australian Dollar
In short The Australian dollar is unchanged from yesterday A lack of news has left the Australian dollar flat around 0.6850 No major Australian economic data out until inflation (CPI) next week Time Open High Low Today 0.6848 Yesterday 0.6841 0.6857 In the last week 0.6780 0.6880 In the 3 months 0.6676 0.6996 The Australian dollar was kept to an exceptionally tight range. What is a ‘tight range’ Generally, if an exchange rate is in a tight range, it’s price movement both up and down has been minimal. In this case, the Australian dollar exchange rate traded between 0.6840 and […]
Is the AUD/USD exchange rate running out of steam?
In short The AUD has lost ground to the USD looking exhausted The AUD/GBP bounces higher after weeks of falling No major Australian economic data out until inflation (CPI) next week Time Open High Low Today 0.6843 Yesterday 0.6852 0.6880 In the last week 0.6729 0.6880 In the 3 months 0.6676 0.6980 Looking at the forecasts from the biggest banks in Australia, the Australian dollar is expected to fall further this year. The average bank forecast has the Australian dollar falling at least another 3-5% from its current rate above 68 cents. The AUD/USD has now improved nearly 3% since […]
The AUD remains on a high against the USD but down against the Pound (GBP)
In short The AUD/USD remains close to a 4-week high against the US dollar at 0.6860 The AUD/GBP continues to weaken as the British Pound gets stronger China leaves rates on hold Time Open High Low Today 0.6877 Yesterday 0.6857 0.6880 In the last week 0.6729 0.6880 In the 3 months 0.6676 0.7030 The Australian dollar continued higher on Tuesday as a weaker US dollar helped it to a fresh 1 month high at 0.6860. As the US and China come closer to ending the trade war, markets have been selling US dollars (making it weaker) and buying so-called ‘riskier’ […]
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 […]
Australian Dollar motors higher to end the week on a 1 month high
In short AUD/USD hits a 1-month high, finishing the week strong The Australian dollar was flat against most other countries China and European interest rate decisions next week Time Open Low High Today 0.6855 In the last 24hrs 0.6831 0.6855 In the last week 0.6728 0.6855 In the 3 months 0.6702 0.7040 The Aussie dollar (AUD) continued higher against the US dollar on Friday night and into Saturday before markets closed for the week. Driving it higher was weakness in the US dollar. It came as analysts increased the chance of an interest rate cut in the US by the […]
GBP to AUD hits 3 year high but could it go higher?
In short The GBPAUD hits 1.8481 for the first time since the Brexit vote 3 years ago It is now 18% higher than it’s low of 1.6000 in October 2016 A high GBPAUD makes it better for anyone transferring GBP back to Australia or selling GBP in cash Time Open Low High Today 1.8851 Yesterday 1.8983 1.8744 In the last week 1.8350 1.9064 In the last year 1.8481 1.9064 Brexit has been the biggest influence on the GBPAUD for the past 3 and an half years. Ever since the initial Brexit vote in mid 2016. At the time, the pound […]
