Australian Dollar

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 […]

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 […]

Buy NZ Dollars (NZD) Money Cash, AUDNZD forecasts

Where will the AUDNZD rate go for the rest of 2019?

Possibly. The top banks in Australia and New Zealand have a pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) near-term. With both currencies falling further and faster than expectations, top banks have lowered their AUDUSD outlook and NZD forecast. The question is, which currency will be weaker relative to the other? Recently, the AUDNZD bounced, which suggests the Aussie currency is performing slightly better than its Kiwi counterpart. The top banks expect the AUD to NZD exchange rate to rise, because the New Zealand dollar will remain weak compared to the Australian dollar. Check today’s AUDNZD Forex […]

GBPAUD hits 18 week high

In short The GBPAUD hits 1.8481 for the first time since May 20 2019 The British Pound has been getting stronger for the last 4 weeks after being sold off Brexit uncertainty continues to be a big influence over the GBP Time Open Low High Today 1.8417 Yesterday 1.8392 1.8481 In the last week 1.8100 1.8481 In the 3 months 1.7683 1.8481 The British Pound (GBP) has been falling against most major currencies including the Australian Dollar (AUD) since the middle of the year. This is because the chances of a ‘hard Brexit’ increased. If the UK, economy suffers from […]

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, […]