AUD to USD

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 […]

The Australian Dollar bounces but remains under pressure

In short The Australian dollar opens higher but lost ground last week The AUD/USD remains below 68 cents RBA governor to speak this week Time Open Low High Today 0.6774 Yesterday 0.6767 0.6779 In the last week 0.6765 0.6868 In the 3 months 0.6710 0.7044 The Australian dollar didn’t move a great deal on Monday. Why? Well for most of our day, Europe and the US is still asleep from the weekend. So unless there is a big local event in Australia, New Zealand or Asia, there can be little movement in the Australian Dollar (AUD). When Europe and the […]

Aussie Dollar finishes the week lower

In short The Federal Reserve cuts interest rates in the US The AUD/USD loses some ground but stays above 68 cents The AUD/GBP also continues to fall to a 4 week low Time Open Low High Today 0.6795 Yesterday 0.6789 0.6809 In the last week 0.6790 0.6880 In the 3 months 0.6734 0.7044 After spending 2 weeks with little to no movement, the Australian dollar fell this week below 68 cents. It was largely driven by the Wednesday night statement from the US Federal Reserve that reminded everyone that the US economy is still in pretty good shape. Since then, […]

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 […]

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 […]