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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 […]

The Aussie Dollar moves higher as unemployment falls

In short AUD/USD jumps higher and hits a 1 week high of 0.6791 The Australian dollar also moved up against the EUR, GBP, NZD and JPY Australian Unemployment fell from 5.3 to 5.2% Time Open Low High Today 0.6789 In the last 24hrs 0.6736 0.6791 In the last week 0.6724 0.6791 In the 3 months 0.6712 0.7064 The Aussie dollar (AUD) jumped higher against all currencies Thursday morning as soon as the unemployment figures came out. The figures were better than expected. They showed unemployment falling from 5.3 to 5.2%. This has been one of the more positive pieces of […]

The dollar drops against the USD and EUR

In short AUD/USD and AUD/EUR drop after drifting lower overnight The Australian dollar has held up against the GBP, NZD and JPY Trade relations and Brexit seem to be all the market is watching Time Open Low High Today 0.6724 Yesterday 0.6724 0.6767 In the last week 0.6724 0.6791 In the 3 months 0.6724 0.7037 The Australian dollar lost ground to the US dollar (USD) and Euro (EUR). It lost about 0.2% to both currencies after the market opened in Sydney this morning. It’s not all bad news for the local currency though. It traded sideways against the Kiwi dollar […]

The Australian dollar is not moving in the same direction

In short The Australian dollar opens the week moving down against the US dollar It’s not all one-way traffic through. It is higher against the Japanese Yen (JPY) and British Pound (GBP) Chinese trade data and RBA minutes fail to move the currency markets Currency Open Low High Now AUD to USD 0.6796 0.6753 0.6796 0.6783 AUD to EUR 0.6160 0.6118 0.6160 0.6149 AUD to GBP 0.5375 0.5365 0.5398 0.5377 AUD to NZD 1.0720 1.0720 1.0763 1.0750 AUD to JPY 73.70 73.05 73.79 73.50 The Australian dollar fell on Monday against most currencies but has been mixed since. The AUD/USD […]

Aussie dollar finishes the week on a high

In short The Australian dollar finished the week close its highest point at 0.6786 The AUD/USD ends slightly higher than where it opened the week on 0.6760 AUD/GBP fell sharply, finishing at 0.5364 Currency Open Low High Now AUD to USD 0.6760 0.6809 0.6714 0.6786 AUD to EUR 0.6168 0.6111 0.6170 0.6150 AUD to GBP 0.5491 0.5364 0.5528 0.5364 AUD to NZD 1.0720 1.0670 1.0730 1.0708 AUD to JPY 72.43 71.88 73.93 73.55 The Australian dollar was mixed on Friday night. It went up against the US dollar and the Japanese Yen, finishing the week slightly higher. In a complete […]

Australian Dollar remains under pressure

In short AUD to USD slips to one week low holding at 67 cents Recent gains against the NZD, JPY and EUR erased leaving the Aussie dollar flat Plenty of economic data out next week which could move the exchange rate Time Open Low High Today 0.6724 Yesterday 0.6723 0.6746 In the last week 0.6723 0.6771 In the 3 months 0.6683 0.7032 After getting pummelled early last week, the Australian dollar staged a recover on Thursday and Friday. It appears that the recovery was short and sweet. Since markets opened up on Monday, the Australian dollar has slowed edged its […]

AUD GBP and AUD USD fall as Brexit and Trade Wars take centre stage

In short The AUD lost ground to the US dollar and British Pound overnight The Trade War continues with few obvious winners A hard Brexit looks more likely now Time Open Low High Today 0.6729 Yesterday 0.6726 0.6747 In the last week 0.6697 0.6771 In the 3 months 0.6697 0.6680 The Australian dollar drifted lower on Monday and Tuesday following a long weekend in much of Australia. Overnight, tensions from the Trade War sent the US higher and pressured the AUD  USD exchange rate lower. Meanwhile, Brexit continues to drag on the British pound. It lost ground to most currencies […]

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 […]

All eyes on the RBA this week

In short The Australian dollar starts the week as it finished – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6765 Yesterday NA NA In the last week 0.6747 0.6801 In the 3 months 0.6734 0.7044 This week, the Reserve Bank of Australia (RBA) will meet on Tuesday and decide if they should cut official interest rates for the third time this year. They also release a statement […]

Australian Dollar finishes the week flat against all major currencies

In short The Australian dollar finishes the week as it started – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6751 Yesterday 0.6747 0.6778 In the last week 0.6747 0.6801 In the 3 months 0.6727 0.7022 Last night in the US, the GDP and Trade Balance figures came in close to expectations, leaving the markets little to react to. Here is where the Australian Dollar (AUD) has traded […]

The AUD continues to ignore global political turmoil

In short AUD to USD almost unchanged Currency markets are waiting on US economy growth (GDP) figures and speeches from central banks The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6750 Yesterday 0.6741 0.6759 In the last week 0.6747 0.6804 In the 3 months 0.6738 0.7022 Once again, most major currencies ‘traded sideways’. What does that mean? Well, there was little movement because despite the political unrest, there was no economic data to move the market. So it looks like the Australian dollar is unlikely to move […]

Political drama abroad fails to move the Aussie dollar

In short AUD to USD continues to trade either side of 68 cents against the US dollar The RBA is likely to cut interest rates in October but thinks the economy is turning the corner Brexit drama in the UK continues while the Democrats in Washington move to impeach Trump Time Open Low High Today 0.6798 Yesterday 0.6789 0.6802 In the last week 0.6765 0.6841 In the 3 months 0.6718 0.7032 The head of the Reserve Bank of Australia (RBA), Philip Lowe gave a speech yesterday. With most economists predicting that they will cut interest rates in October, the governor […]

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