Category: AUD
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AUD Sharply Higher as Australian Economy Added 64.1K Jobs in September
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Australian jobs numbers for September were mostly in the green, with the economy reporting a much faster pace of hiring for the month at 64.1k versus an expected increase of 25.2k. This was enough to keep the unemployment rate at 4.1% instead of the expected reading of 4.2%. The previous…
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AUD: CBA maintains base case December RBA 25bp rate cut – see firmer disinflationary pulse
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Detailed note from the Commonwealth Bank of Australia on what they expect from the Reserve Bank of Australia. In summary: Our base scenario sees the RBA begin to normalize the cash rate by the end of 2024 (we forecast in December the first 25 basis point rate cut) A stronger…
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China stimulus adds to reasons to stay long AUD
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Investing.com – UBS noted that news of additional Chinese stimulus has proven to be a clear boost for risk assets, providing further reason to maintain a long position in the Australian dollar. The USD/JPY pair was down 0.3% at 0.6872 at 07:55 ET (11:55 GMT), having fallen on Wednesday, but…
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The AUD is the strongest and the USD is the weakest as the NA session begins
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As the North American session began, the Australian dollar was the strongest followed by the British pound, with the US dollar the weakest. The Federal Reserve will meet on Tuesday and again on Wednesday before announcing its interest rate decision on Tuesday at 2 p.m. ET. A press conference will…
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Australian July Trade Balance is a surplus of AUD 6.009bn (expected 5.15bn)
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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RBA’s “Hawkish Hold” Briefly Supported AUD During The Asian Session
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As expected, the Reserve Bank of Australia decided to The Reserve Bank of Australia kept official interest rates at a 12-year high of 4.35%. For its sixth consecutive meeting in August. The Central Bank confirmed that High inflation remains a concern.Inflation has “declined significantly” but is “persistently above” the 2%…
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The AUD is the strongest and the JPY is the weakest as the NA session begins.
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As the North American session begins, the Aussie is the strongest and the Japanese Yen is the weakest. This combination mirrors what has been more common with the Aussie (or New Zealand Dollar) being the weakest and the Japanese Yen the strongest. Unsurprisingly, there has been a pre-market rally in…
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Forexlive Americas FX news wrap 26 Jul: Rebound day. AUD higher. CHF lower. Stocks rise
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Over most of the week, fund flows pushed the Japanese yen and Swiss franc higher amid safe-haven flows. The Australian dollar (and the New Zealand dollar) fell as risk-off sentiment took hold on the back of a slowdown in China and lower commodity and stock prices. Today saw a reflection…
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AUD, NZD falling again | Forexlive
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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The AUD and the easing from China – given more a nudge lower
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The Australian and New Zealand dollars were weaker. The People’s Bank of China’s monetary easing measures yesterday did not help either. The People’s Bank of China summary is here in case you missed it: NAB Bank comments via Reuters report: “For the Australian and New Zealand dollars, they tend to…
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The USD and AUD the leaders while JPY and NZD the laggards
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It was a good day for the Australian Dollar and the US Dollar, and a less than ideal day for the Japanese Yen and the New Zealand Dollar. The Australian dollar received a boost after a hotter than expected CPI reading and markets saw a roughly 60% change to the…
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A projection for “wider and higher ranges for AUD in the month ahead”
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Snapshot note via Westpacon and their view on the Australian dollar. Briefly: We expect wider and higher ranges for the Australian dollar next month. Volatile French policy will have an impact on the global risk climate, but a resumption of encouraging disinflation trends in the US and renewed interest rate…
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USD continues its run to the upside. Dollar at new highs vs EUR, GBP, JPY, CHF AUD & NZD
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The US dollar continues to rise in an uptrend, with the US dollar making new highs against all major currency pairs except the Canadian dollar. Euro against the US dollar. EURUSD is testing the 38.2% retracement level of the upward move from the May 1 low. This level comes at…
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The USD is the strongest and the AUD is the weakest as the NA session begins
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As the North American session begins, the US dollar is the strongest and the Australian dollar is the weakest. The Japanese Yen sits just behind the Australian Dollar as one of the weakest currencies after comments from Japan’s Finance Minister and Bank of Japan Ueda failed to sufficiently scare off…
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The AUD is the strongest and the CHF is the weakest as the NA session begins
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As the North American session begins, the Australian dollar is the strongest and the Swiss franc is the weakest. The US dollar is mixed with gains against the British pound, Japanese yen and Swiss franc, and declines against the euro, Canadian dollar, Australian dollar and New Zealand dollar. Overnight, New…