AUD

low Australian dollar

The Winners and Losers from a Low Australian Dollar

The Australian dollar recently hit its lowest point since 2002 as it plummeted to 55 cents. It’s now lost more than 10% in 10 days and it’s not just the AUD/USD exchange rate that’s falling. The Australian dollar is down against most other currencies like the euro, pound, yen and kiwi dollar. So is a low Australian dollar good or bad? Like many things, it really depends on your situation. There are definitely winners and losers from a low Australian dollar. The big winners out of a low Australian dollar are some of the parts of the economy that have […]

Will the Australian dollar fall any lower in 2020?

In the first 3 months of 2020, the Australian dollar has fallen an amazing 15 cents from above 70 cents to 55. Now that it has recovered back above 60 cents, will it fall any further this year? Surprisingly, most bank forecasts have the Australian dollar slightly higher towards the middle and back end of 2020. So while it may fall further, it could still recover by the end of the year. While there are several reasons for the fall in the Australian dollar, they all have one thing in common – the coronavirus. Some of the reasons include: A […]

AUD in GFC style freefall dropping 10 cents in 10 days

In short The AUD is collapsing against the US dollar, Euro and Yen Money is flooding into US dollars as investors seek the safety of ‘safe haven’ assets The Australian dollar has reached parity with the New Zealand dollar Time Open Low High Today 0.5739 In the last week 0.5530 0.6315 In the last month 0.5530 0.6710 The Australian dollar is in free fall. In scenes reminiscent of the Global Financial Crisis, the Aussie dollar crashed to 55 cents before making a minor recovery to end the day just above 57 cents. The AUD to USD exchange rate has fallen […]

Australian dollar recovers after a flash crash to 63 cents

In short Australian dollar ‘flash crash’ sends it to an 11-year low for 20 seconds Traders blame the crash on algorithmic trading platforms Panic hitting markets has increase volatility Time Open Low High Today 0.6597 In the last week 0.6472 0.6655 In the last month 0.6464 0.6748 The Australian dollar collapsed more than 5% in 20 minutes as a mixture of panic and programmatic trading brought the exchange rate tumbling. It did recover to finish the day close to where it began. If you ever wondered what would happen if someone lobbed a hand grenade into a bloodbath, now you […]

AUD heads below 66 cents as virus fears grip markets

In short AUD USD falls below 66 cents for the first time since the GFC The Australian dollar has held up against the other major currencies Little economic data out this week Time Open Low High Today 0.6599 In the last week 0.6587 0.6706 In the last month 0.6587 0.6821 The AUD/USD has spent this week trading either side of 66 cents. It has been slipping lower against the US dollar for a few weeks as coronavirus fears increase. Interestingly, the Australian dollar has not fallen against all currencies. In fact, it has largely remained unchanged against the Euro, British […]

The Aussie dollar opens the week above 67 cents. But how long will it last?

In short The AUD/USD starts the week just above 67 cents The Australian dollar is up against the Euro, down against the British pound and flat against the NZ dollar and Yen Australian employment data out Thursday Time Open Low High Today 0.6725 In the last week 0.6672 0.6750 In the last month 0.6663 0.6887 Currency markets started the week how then ended it – fairly flat and quiet. The Australian dollar has barely moved against the US dollar or any of the major currencies in the last few days. This is because there has not been any unexpected news […]