Australian Dollar

RBA Minutes out now: Further fall in Australian dollar needed for economy

RBA Minutes out now:
Further fall in Australian dollar needed for economy
Prudent course likely to be period of rate stability
Board noted that market expected easing next year, discussed factors behind those market expectationsRead more

Aussie Dollar Gains as Rate Cut Bets Find No Support in RBA Minutes

The Australian Dollar briefly rose following the release of minutes from December’s RBA policy meeting. The document showed that the central bank continues to see a period of stability in interest rates as the most prudent course for the time being.
While the bank left rates unchanged in December and signalled no futher action is likely in the foreseeable future, priced-in expectations have pointed to the probability of at least one 25bps cut in the next 12 months. With that in mind, the Aussie’s slight bounce may have relected the absence of dovish rhetoric supporting market expectations for further easing.Read more

Aussie up Prior to Fed Meeting and RBA Governor’s Speech

The Australian dollar rose against most of its major counterparts prior to the Federal Reserve meeting which starts tomorrow. Economists...Read more

Kiwi to Register Weekly Drop against Aussie

The kiwi looks set for its largest weekly decline against the Australian dollar since 2012. This is attributed to New Zealand’s hesitation in raising the borrowing cost. The kiwi slid against all 16 major...Read more

South Pacific Dollars Drop as China Stocks Tumble on Money-Market Rate

The Aussie dollar dropped from its highest level in four months as Chinese stocks dropped amid a jump in money-market rates, damping demand for the South Pacific nation’s biggest overseas market. The currency...Read more

Australian Dollar Down as Indicators Signal Reversal

The Aussie dropped from its eight-day advanced as technical indicators signaled the currency was poised for a reversal. The 14-day relative-strength...Read more

Trading The Chinese GDP: AUD/USD Analysis

The Chinese Gross Domestic Product is a measurement of the production and growth of the economy, and analysts consider GDP...Read more

AUD/USD Hits New Highs but Forex Analysis Shows 3 Reasons for Decline

AUD/USD exceeded its September 0.9527 high in early Tuesday trading, establishing almost a four-month high in the process. This new high has also slightly breached the 38.2% Fibonacci retracement level of the long plunge...Read more

Major Events that will Affect the AUD/USD Cross this Week

Despite the pair’s volatility, it remained almost unchanged over the course of last week. It closed the week at 0.9465. The highlight of the week will be the monetary policy meeting minutes and Chinese events. Here is a quick review of the major events that will affect the pair...Read more

Aussie Declines against New Zealand on Home Loans Data

The Australian dollar declined further today against the New Zealand dollar after home-loan approvals data showed a decline for the first time this year. The Aussie weakened against most of its Group of 10....Read more

 

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