Archive for the ‘Australian Dollar’
Aussie Rises on Employment Growth & Interest Rates Outlook
The Australian dollar rose today as the good reports this week signaled about the increasing pace of the economic recovery and on the outlook for the interest rates increases. The attractiveness of the Australian currency was boosted by the good employment reports. The Australia and New Zealand Banking Group reported that the job advertisements on the internet and in newspapers increased by 2.9% in November, signaling about the rising employment. This was confirmed by the report of the Australian Bureau of Statistics, which showed the growth of the employment [...]
Aussie Rises on Anticipation of Lower US Employment
The Australian dollar rose today and is heading for the third weekly gain versus the greenback as today’s report expected to show that the US employment decreased. The analysts expect that today’s report would show decrease of the US payrolls by 63,000. The MSCI Asia Pacific Index of regional shares went up 0.3 percent, improving the prospects for the Australian exports. The Aussie’s gains may be limited by the subdued outlook for Australia’s economic expansion. AUD/USD [...]
Australian and N.Z. Dollars Rise on China’s Growth
The Australian and New Zealand dollars rose significantly against the other major currencies today as the Chinese stock market demonstrated growth on talks that the government may easy the investment regulations. The Aussie and the kiwi both rallied against the U.S. dollar and the Japanese yen today, with the former posting a second bullish day in a row. Analysts expect the Chinese consumer sector to be the major growth-factor for Australia’s largest and New Zealand’s second largest trade [...]
AUD/USD back to test daily lows at 0.8725
The latest Aussie attempt to break 2-week high at 0.8790 against the Greenback has been rejected at intra-day high at 0.8780, with a rejection that has launched the pair to test daily lows at 0.8725. Currently the pair is trading around 0.8740. AUD/USD is trading in consolidation mode after the lates bullish movement that take [...]
AUD/JPY reaches 3-day low and attempts to bounce
FXstreet.com (Córdoba) – AUD/JPY is under pressure ahead of the RBA decision to be released in a couple of hours, and despite the RBA is widely expected to leave rates unchanged at 4.50%, investors will keep an eye on the accompanying statement. The pair slumped and set a fresh 3-day low at 72.70, just 3 [...]
Significant Decline of Australian Dollar This Week
The Australian dollar experienced the significant losses this week on the concerns for the new mining tax, which, while eased somewhat, didn’t go away completely. The Aussie was falling against the U.S. dollar for the whole week, except for the Thursday, and ended noticeably lower than the opening level. Against the euro, the Australian currency has rose on Monday, but for the rest of the week it was steadily falling. The Australian dollar was also falling versus [...]