Australian Dollar takes a breath below 69 cents

In short AUD to USD has been stuck between 68 and 69 cents The Australian dollar has bounced back from a 10-year low earlier in September Australian employment data is out on Thursday with an increase in unemployment tipped Time Open Low High Today 0.6865 Yesterday 0.6833 0.6869 In the last week 0.6848 0.6881 In the 3 months 0.6727 0.7072 There has been plenty of news out this week but very little movement in currency markets. The Saudi oil attacks have thrown oil markets into turmoil. In the past, volatility in commodity markets have also had an impact on the […]

AUDNZD exchange rate moving up and hits a 10-month high

In short AUD/NZD reached 1.0826 – the highest rate since November 2018 It has raced up over 4 cents in 4 weeks A slowing economy in New Zealand has led to interest rate cuts Time Open High Low Today 1.0798 Yesterday 1.0815 1.0826 1.0796 In the last week 1.0684 1.0820 1.0683 In the 3 months 1.0496 1.0826 1.0318 The AUD/NZD exchange rate continued on its recent march higher, hitting a 10 month high above 1.0800 this week. After moving sideways for most of 2019, the rate has been motoring higher since the kiwi central bank (the Reserve Bank of New […]

Has the AUD EUR peaked already in 2019?

The AUD to EUR exchange rate peaked in April around 0.64, but has since fallen again. A falling AUDEUR trend this year is being driven by a weaker Australian dollar, rather than any strength in the Euro. In fact, the Euro has been under pressure lately with Brexit and slower economic growth in major Eurozone countries. Meanwhile, the Australian dollar hit 10-year lows recently. Check today’s AUDEUR Forex Rate: Currency Converter and Graph So what are the major banks in their AUD and EUR forecasts for 2019, amongst all the political uncertainty from Brexit and slowing growth? ANZ – Predicts […]

ECB drops rates as the European economy slows down

In short AUD to EUR remains unchanged overnight The European Central Bank (ECB) is concerned about Europes economy and cut interest rates Weak inflation data out of the USA Time Open High Low Today 0.6207 Yesterday 0.6223 0.6231 0.6201 In the last week 0.6199 0.6249 0.6199 In the 3 months 0.6130 0.6280 0.6025

Is the AUD to USD running out of gas?

In short AUD to USD falls overnight to start the day at 0.6860 The European Central Bank (ECB) is concerned about Europes economy and cut interest rates The US / China trade war continues to dominate and influence markets Time Open High Low Today 0.6864 Yesterday 0.6874 0.6879 0.6860 In the last week 0.6851 0.6881 0.6848 In the 3 months 0.6871 0.7044 0.6710 The Australian dollar fell slightly overnight after hitting a 6-week high yesterday of 0.6893 Most of the markets attention was on the European Central Bank (ECB) which cut interest rates and announced it would reintroduce a large […]

Where is the Australian dollar heading for the rest of 2019?

Major banks predict the Australian dollar against the US dollar (AUDUSD or the ‘Aussie’) will remain weak. Recently, the Australian dollar (AUD/USD) fell to more than 10-year lows, below 67 cents. The AUD/USD is at the same levels as when the Global Financial Crisis (GFC) hit in 2008. The previous record low was 48 cents in April, 2001. In response to the falling AUD, the 4 major banks lowered their end of 2019 Australian dollar forecasts by 5-10%. They now agree the weak Aussie dollar will remain until the end of the year. Check today’s AUDUSD Forex Rate: Currency Converter […]