Australian Dollar

Interesting Thoughts about the Australian Dollar


For you share traders out there giving forex trading a go here's an article that you interest you, talking about today's Australian Dollar Movements:

Run Away Markets


Ever had the feeling you've missed a great trading opportunity? I bet every trader has: As I write the dollar is making a very impressive recovery. If you look at the small screenshot above of the AUD/USD currency pair on a weeky-hourly chart, the dollar made more than 100 pips in the past six of seven hours. Note the fat green candlestick - we all know what economic event triggered that - the US interest rates.

AUD Falls Further - A Delayed Reaction to Non-Farm Payrolls Data


AUD Falls a Little Further to US74.21¢ at 7am (AEDT) - A Delayed Reaction to Non-Farm Payrolls Data: The Aussie opened weaker today (Tuesday) as the US currency gained on most major currencies. At 7am (AEDT), the Aussie was trading at US74.21¢, lower than Monday's close of US74.72¢. Overnight, the AUD reached a low of US74.13¢ and a high of US74.75¢. There is a lack of economic indicators this week so the US dollar gained from a delayed reaction to the non-farm payrolls released last Friday. The RBA meets today for the first time in 2006 where the market sentiment is that the Australian interest rates will be kept constant at 5.5 per cent. The data releases expected today are: NAB quarterly business survey and D&B January business expectations survey.

The Aussie Dollar Adds Half a cent on the back of an Interest Announcement


The Aussie dollar has added more than half a US cent since Tuesday amid speculation that the US Fed may not be quite done lifting rates. The dollar gained momentum throughout the night supported by commodities and gold. At 7am the Aussie was at US 75.14¢, Tuesday's close was at US75.12¢. The US Fed reserve raised interest rates to 4.5 per cent the highest since April 2001. The statement issued by the Fed was scrutinised by investers to interpret any futher information indicating any future interest rate direction.

Aussie Dollar Weaker due to a slip in Commodity Prices


The Australian dollar opened three quarters of a US cent weaker on Friday as a drop in commodity prices pulled the local unit lower. At 7am (AEDT), the local unit was trading at US74.73¢, below Thursday's close of US75.48¢. Overnight, it hit a high of US75.40¢ and a low of US74.60¢.

$A down ahead of Macfarlane speech on Tuesday


Australian dollar opened slightly weaker on Monday despite support from the recent commodity price surge - Market awaits speech: The Australian dollar opened slightly weaker on Monday despite support from the recent commodity price surge, while investors prepare for central bank governor Ian Macfarlane's address on Tuesday.

At 7am (AEDT), the local unit was trading at US74.83¢, below Friday's close of US75.13¢.

Over the weekend, it hit a high of US75.24¢ and a low of US74.93¢.

Syndicate content

Recommended Websites