Tag Archives: Aussie
aussie
Australian Dollar Hits 19-Month Peak, Kiwi Reaches Yearly Highs
Key points: We saw the Australian dollar climbing to $0.6890, coming close to the $0.6908 mark, a level not touched since early 2023. Breaking these levels has opened the door for further movement towards $0.7030 and $0.7088. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-neededContinue Reading
Australian Dollar Approaches 2024 High as China Lowers Rates Ahead of RBA Decision
Though economists widely expect the RBA to hold interest rates steady, the market seems divided on the potential for cuts in the near term. Reuters’ poll of 44 economists shows just four anticipate a reduction by year-end, while traders see a roughly 60% chance of a cut. -vtmarkets.com
Australia and NZ dollars gain as strong data improves outlook
The Australian dollar managed to recover from early losses on Thursday, trading at $0.6781, having bounced back from a low of $0.6737. Overnight, the Aussie had reached as high as $0.683 after the Federal Reserve’s decision to reduce rates by 50 basis points. -vtmarkets.com
Dollar continues downward trajectory as markets eye Fed rate cut
As the dollar remains near its lowest levels this year, markets are poised for a potential U.S. Federal Reserve rate cut that could shift currency movements across the board. Traders are pricing in either a 25 or 50 basis point cut, leading to speculation about its impact on major currencies like the yen, euro, and sterling. -vtmarkets.com
Australian and New Zealand dollars hold ground as risk sentiment stabilises
The Australian and New Zealand dollars saw a lift on Thursday, as a rebound in global stock markets and the anticipation of a European Central Bank (ECB) rate cut helped stabilise risk sentiment. -vtmarkets.com
Aussie drops to 3-week low on weak sentiment and domestic data
Key Points: The Australian dollar extended its recent losses, falling below $0.666, marking a three-week low as weak domestic economic data and cautious global market sentiment weighed on the currency. Picture: AUDUSD dips below $0.666 due to weak consumer sentiment, as observed on the VT Markets app. A private survey showed a dip in consumerContinue Reading
Aussie and kiwi poised to end the month with solid gains as U.S. dollar weakens
The Australian and New Zealand dollars are on track to finish the month with strong gains, buoyed by breaks through key chart barriers and a waning U.S. dollar. The Australian dollar (AUD) stood at $0.6797 after reaching an eight-month high of $0.6823, marking a 3.9% gain for the month. -vtmarkets.com
Aussie targets $0.6871 on strong inflation data; kiwi gains on confidence boost
Key points: The Australian and New Zealand dollars have held firm near their eight-month highs, driven by a weakening U.S. dollar and momentum from technical buyers aiming to push through chart resistance levels. The Australian dollar (AUDUSD) currently trades around $0.6793, just below its recent peak of $0.6812. As momentum builds, support is identified at $0.6759Continue Reading
Aussie rally pauses before key inflation data release
The Australian dollar took a breather on Tuesday, holding steady at $0.6773 after retreating from its 2024 high of $0.6798. This pause comes as traders await the release of July’s domestic inflation data, which is expected to have a notable impact on the currency’s direction. -vtmarkets.com
Dollar hits seven-month low on rate cut expectations; Powell’s speech in spotlight
On Tuesday, the U.S. dollar hovered near its lowest point in seven months, driven by increasing expectations that the Federal Reserve may begin cutting interest rates as soon as next month.
