AUD to USD

Mixed day for the AUD ahead of retail sales data

In short The US dollar and Japanese Yen weakened overnight, pushing the AUD/USD and AUD/JPY higher The AUD opens lower against the Pound Sterling and flat against the Euro and NZ dollar Retail sales data out today could have a limited impact on the exchange rate Time Open Low High Today 0.6849 In the last week 0.6756 0.6861 In the last month 0.6756 0.6926 The Australian dollar opens this morning with mixed performance against the major currencies. It is up against the US dollar and Japanese Yen, down against the British Pound and flat against the New Zealand dollar and […]

Strong Chinese and weak US data sends the Australian dollar higher

In short Strong Chinese manufacturing data helps the Aussie dollar higher Weaker than expected economic data from the US also sent the US dollar lower The AUD/USD went above 68 cents but the AUD/NZD fell below 1.05 Time Open Low High Today 0.6817 In the last week 0.6756 0.6823 In the last month 0.6756 0.6926 The Australian dollar opened up on Tuesday above 68 cents for the first time in a week an a half. There were 2 main drivers of the move higher. Firstly, manufacturing data out of China was better than expected. Why should this help the Australian […]

Australian Dollar opens the month heading down

In short The Australian dollar is falling against the US dollar It is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen The RBA meeting on Tuesday headlines a busy week for currency markets Time Open Low High Today 0.6760 In the last week 0.6756 0.6799 In the last month 0.6756 0.6926 The Australian dollar will open the week and the last of the month lower against the US dollar. It has been falling steadily for the last 3 weeks, particularly against the US dollar and NZ dollar losing 2-3%. It has not been volatile though. […]

Australian Dollar likely to end November on a low point

In short The Australian dollar has lost ground in November It has lost the most ground to the US dollar but is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen Interest rate expectations in Australia weighs on the AUD Time Open Low High Today 0.6766 In the last week 0.6761 0.6811 In the last month 0.6761 0.6926 The Australian dollar falling In November, the Australian dollar has fallen: 1% against the US dollar and more than 2% from it’s recent peak at 0.6926 1% against the British Pound and more than 2% from it’s recent […]

Australian Dollar Opens Below 68 cents and under pressure

In short The Australian dollar was flat on Friday and Saturday, opening Monday below 68 cents The AUD has been under pressure this month This week, we hear from the RBA on Tuesday morning and Tuesday evening. Time Open Low High Today 0.6791 In the last week 0.6782 0.6830 In the last month 0.6776 0.6926 The Australian dollar had a lacklustre end to the week, limping into the weekend below 68 cents. It was a quiet day for most currency markets with little movement against the other major currencies. This week, we hear from the RBA on Tuesday morning and […]

Aussie dollar bounces back above 68 cents

In short The Australian dollar fell below 68 cents yesterday before bouncing last night Minutes from the RBA indicated they nearly cut interest rates in November Despite the bounce overnight, it remains lower against most major currencies compared to last week Time Open Low High Today 0.6827 In the last week 0.6772 0.6853 In the last month 0.6772 0.6926 The Australian dollar had a wild ride yesterday, dropping about half a cent below 68 cents before bouncing last night. Once a month the Reserve Bank of Australia releases the minutes from its meeting. Yesterday, the market got a look at […]