Aussie dollar drifts lower
In short The Aussie dollars continues lower against the US dollar but mixed against other major currencies Lack of direction so far this week The AUD to could test recent 10-year lows below 67 cents Time Open Low High Today 0.6729 Yesterday 0.6729 0.6749 In the last week 0.6683 0.6771 In the 3 months 0.6683 0.7044 Not a great deal. With few major economic data releases, the Australian dollar is drifting against most other currencies. There has also been little on the two main political issues – Brexit and the US / China trade war. So, when will the […]
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 […]
Australian dollar bounces back
In short The Australian dollar has bounced Thursday night after getting punished Tuesday and Wednesday Broad gains against the New Zealand Dollar, British Pound, Japanese Yen or Euro The AUD looks likely to finish the week close to where it started despite the volatility Currency Open Low High Now AUD to USD 0.6770 0.6770 0.6683 0.6744 AUD to EUR 0.6192 0.6119 0.6199 0.6147 AUD to GBP 0.5493 0.5429 0.5504 0.5467 AUD to NZD 1.0681 1.0677 1.0710 1.0709 AUD to JPY 72.83 71.78 73.16 72.06 The Australian Dollar staged a mild recovery on Thursday night as the US dollar fell against […]
AUD EUR hits 1 month low as the Aussie Dollar slips
In short AUD to EUR exchange rate drops to 0.6110 – it’s lowest point for a month The RBA is now expected to cut interest rates even further before the end of 2019 The AUD/EUR has dropped 2% over the last 2 months from a high of 0.6278 Time Open Low High Today 0.6118 Yesterday 0.6113 0.6122 In the last week 0.6119 0.6199 In the 3 months 0.6018 0.6278 The Australian dollar has been broadly sold off since Tuesday when the RBA cut interest rates. What does that mean? When the Aussie dollar is sold (mostly by traders, banks and […]
Australian Dollar demolished to a 10 year low under 67 cents
In short AUD to USD opens at 0.6705 after dipping to to 0.6676 overnight – its lowest point in a decade The RBA is now expected to cut interest rates even further before the end of 2019 Lowering interest rates in Australia are similar to other countries like the US, Japan and Europe Time Open Low High Today 0.6704 Yesterday 0.6671 0.6780 In the last week 0.6671 0.6771 In the 3 months 0.6676 0.7009 Yesterday, following the RBA interest rate cut, the AUD initially went up before being sold off lower. It then moved lower overnight and hit a 10 […]
Australian Dollar spikes then gets dumped following RBA interest rate cut
In short The Australian dollar went down before the interest rate announcement, bounced higher straight after the announcement then fell sharply Broad losses against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA also expected to cut rates next month to 0.75% Time Open Low High Today 0.6751 Yesterday 0.6768 0.6734 In the last week 0.6747 0.6801 In the 3 months 0.6734 0.6710 The RBA met today and announced that official interest rates are to be cut by 0.25% to 0.75%. While this was largely expected, most market analysts poured through the statement that came with the […]
