Tag Archives: Aussie
Australian dollar drops to 3-month low as market anticipates rate cuts
The Australian dollar fell to a three-month low on Wednesday following a softer reading on core inflation. This change in data dampened expectations for further rate hikes and caused a surge in bond futures.
Aussie and kiwi dollars struggle on China rate cuts; dollar drifts
The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.
AUD directionless after mixed jobs report & rate hike uncertainty
AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.
Australian and NZ dollars rise against the yen but fall against the dollar
Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the AussieContinue Reading
Aussie strengthens against the Kiwi and Yen amidst diverging rate outlooks
The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.
Aussie approaches six-month high despite diverging rate expectations
The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.
Asian stocks reach 27-month high, dollar falls on rate cut speculation
Key points Asia stocks soared to a 27-month high on Thursday, driven by softer U.S. economic data that increased the likelihood of a September rate cut. This development boosted bonds and commodities while dragging down the dollar. A holiday in the United States led to thin trading as investors awaited the outcome of the UKContinue Reading
Aussie surges as interest rate outlooks diverge
Key points: The Australian dollar experienced gains this week, buoyed by contrasting interest rate outlooks across major economies. As the Swiss National Bank and the Bank of England leaned towards more dovish policies, the Australian market showed resilience, hinting at a possible rate hike. This divergence has pushed the Australian dollar to impressive heights, reflectingContinue Reading
Sterling holds steady ahead of BoE decision; Dollar falters against yen
Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading
Aussie sees minimal boost from RBA’s hawkish stance
Key points: The Australian dollar showed little movement on Tuesday after the Reserve Bank of Australia (RBA) maintained a cautious stance against inflation. The RBA concluded its June policy meeting with rates held at 4.35%, emphasising that household consumption was stronger than initially reported and monthly consumer price figures had not improved. This stance suggestedContinue Reading