Tag Archives: Aussie
U.S. dollar steady as markets await FOMC minutes and Powell’s remarks
The U.S. dollar struggled to gain momentum on Monday, trading within a tight range against its major peers. Investors are holding their breath as they await key events later this week that could offer new insights into the future path of U.S. interest rates.
Australian dollar gets jobs boost, Kiwi feels rate pain
The Australian dollar (AUD) experienced a modest uplift on Thursday, touching $0.6609, following an unexpected surge in employment figures. The 58,200 jobs added in July far surpassed market forecasts of a 20,000 gain, indicating a resilient labour market despite broader economic challenges.
Australian dollar faces resistance while kiwi advances awaiting rate decision
The Australian dollar nudged higher on Tuesday, brushing up against resistance as a rally in Japanese stocks bolstered risk sentiment across the market.
Australian dollar rises on hawkish hold from the RBA
The Australian dollar appreciates to near one-week high after RBA maintains cash rate at 4.35% and warns inflation remains high. US Fed rate cuts also influence the Aussie.
Australian and New Zealand dollars face pressure from US growth concerns
Key points: The Australian dollar remained near three-month lows on Friday. Weak U.S. data has increased fears of a sharp slowdown in the world’s largest economy, driving investors to seek safety in the yen and Swiss franc. Aussie slides to near three-month low amid carry trade unwinding Picture: Aussie declines, trading at 0.65137 on theContinue Reading
Aussie and Kiwi hold steady as bond rally fuels rate cut hopes
The Australian dollar (AUDUSD) held at $0.6540, recovering from a three-month low of $0.6480 overnight. Support lies around $0.6466, with resistance at $0.6580.
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
