Australian dollar stronger overnight against the US dollar, Euro and Kiwi dollar but fails to fire against the Pound and Yen

In short

  1. The Australian is mixed against the major currencies lacking real direction
  2. The head of the RBA speaks today
  3. Interest rates are likely to be cut in the US on Wednesday

Exchange rates

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.

What does that all mean?

Well the small movements suggest that the AUD is lacking direction. This should all change today and tomorrow.

Later Tuesday, the RBA chief is due to deliver a speech. Recently, these talks have moved the Australian dollar because they provide insights into where Australian interest rates are headed. Interest rates have a big influence on the value of a currency. So when the RBA is upbeat about the Australian economy or downplays the need for interest rate cuts, the Australian Dollar tends to go up.

Up Next

This week, it's all about central banks and (cutting) interest rates.


Country Day Event
Australia Tuesday Speech by the RBA head, Dr Philip Lowe
Australia Wednesday Consumer Price Index (CPI) Quarterly inflation data
USA Wednedsay Interest Rate Decision
Canada Wednedsay Interest Rate Decision
Japan Thursday Interest Rate Decision
Eurozone Thrusday GDP figures
USA Friday Non Farm Payrolls
Updated: Posted on

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