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Australian Dollar rides trading partners’ woes
THE Australian Dollar weakened last week, trading on Tuesday at 1.5437 to the British Pound, and around 0.9589 against the US Dollar as the Reserve Bank of Australia (RBA) cut the cash rate. Thursday...
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China the dark cloud for strong Australian Dollar
THE Australian Dollar closed last week about where it had started after a slew of data out of China and the USA handed the currency a choppy few days. The two-month high of the previous week was...
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Australian Dollar victim of Fiscal Cliff saga
THE Australian Dollar, like most emerging currencies, has been affected by the negotiations in the US to avoid the so-called Fiscal Cliff. US policy makers were hoping to have a solid plan in place by...
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Australian Dollar boosted by strong US data
THE Australian Dollar began trading last week around the 1.5595 mark against the British Pound and 0.9645 to the US Dollar. The Aussie strengthened throughout the week to close on 1.533 to the British...
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Australian Dollar rises on stronger Asian shares
THE Australian Dollar began trading last week around the 1.5331 mark against the British Pound and 0.9539 to the US Dollar. The Aussie weakened marginally until Friday and then strengthened throughout...
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Australian Dollar slips on unfavourable labour data
THE Aussie Dollar slipped on Thursday with the release of labour force data from the Australian Bureau of Statistics (ABS). The ABS data showed unemployment in Australia rose in December, in line with...
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Australian Dollar weakens on inflation data release
WHILE the overall AUD and USD rates continued declining last week as precious metals prices weakened and Australia reported lower than expected economic data, the Australian Dollar has remained...
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Local data saves Australian Dollar
THE Australian Dollar looked poised to have a winning week when it opened at 1.514 against the British Pound last Monday, before strengthening to a high for the week of 1.501 on Tuesday. The early...
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Australian Dollar skittish after RBA interest rate hint
THE Australian Dollar began a rather rough week opening on 4 February at 1.506 against the British Pound, and extending a decline to 1.531 by Friday. Sentiment was positive ahead of the expected...
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Hiccup in the Australian dollar bullish run
The Australian Dollar began trading last Monday around the 1.511 mark against the British Pound and 0.9722 to the US Dollar. The so called Aussie strengthened throughout the week to close on 1.4973 to...
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Australian Dollar continues bullish run
THE Australian Dollar began trading last week Monday around the 1.506 mark against the British Pound and 0.9708 to the US Dollar. The Aussie strengthened throughout the next seven days to open this...
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Australian Dollar ducks and dives
IN the week up till 4 March the Australian Dollar fetched between 1.020 and 1.033 US Dollars and traded between 0.673 and 0.681 British Pounds. The Aussie started off the week slightly firmer,...
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Australian Dollar can expect some relief
THE Australian Dollar opened this week weaker than where we left it on Friday, swapping hands around 1.023. After a busy seven days of economic releases around the globe, this week will bring some...
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Australian Dollar buoyed by local data ahead of Cyprus jitters
THE Australian Dollar nearly hit a five-week high last week on the back of strong local data before losing most of its gains by week end. The Aussie opened on Monday 11 May at 1.459 against the...
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Australian Dollar surges on Cypriot woes
RISK aversion came to the fore over the past week with the Cyprus banking crisis consuming the market’s attention. The Australian Dollar continues to be viewed as a safe haven currency, backed as it...
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Yen shock drags Australian Dollar down
A rocky week for the Australian Dollar was marked by the dramatic new quantitative easing program initiated by Japan. The Aussie currency had started the post-Easter week stronger against the...
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Australian Dollar tanks on commodities sell-off and China data
THE Australian Dollar opened the week with sharp declines following weaker than expected Chinese growth data and a bloodbath in commodity stocks. While the Aussie currency traded in a range of 1.459...
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Australian Dollar weighed down by slump in gold
THE Australian Dollar has continued to feel the effect of the fall in gold prices. Following the price of gold plunging by more than 9% on Monday last week amidst fears of a possible sell off by the...
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Australian dollar slides on China and inflation
ECONOMIC data from China and low domestic inflation have been driving down the market for the Australian dollar over the past week. According to HSBC, Chinese manufacturing activity slowed in April as...
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Interest rate cut sparks Aussie sell-off
THE Australian dollar faced steady declines against most major currencies following last week’s interest rate cut announcement by the Reserve Bank of Australia (RBA). The Aussie continued the trend...
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