Greece Woes Continue to Weigh on AUD
02/25/10 2:37 PM by Ashley SmithAustralian business investment advanced 5.5% from the previous quarter, beating investors’ expectations of a 1.5% increase. The growth is another sign the economy continues to strengthen, intensifying investors’ expectations that the central bank will raise interest rates next week for ...
AUD Rises on Decline in Unemployment
02/11/10 10:06 PM by Ashley SmithThe Australian Dollar gained versus all 16 of its most traded currency counterparts today after the release of the employment data which showed the number of people employed increased by 52,700 last month, the biggest advance since December 2006. The ...
AUD Falls on Policy Comments
12/16/09 10:45 PM by Ashley SmithThe Australian Dollar fell the most in six weeks, going below 90.00 cents against the USD, after the Reserve Bank of Australia's (RBA) Deputy Governor stated that Australia’s monetary policy is “now back in the normal range,” reducing expectations for ...
Disappointing RBA Meeting Minutes Pressure AUD
11/17/09 10:53 PM by Ashley SmithThe Australian Dollar weakened from close to its strongest level since August 2008 after the release of less hawkish than anticipated minutes from the central bank’s most recent meeting. The release cast doubts regarding a third straight increase in the ...
Australian Dollar Reaches New Highs
10/14/09 5:31 PM by Ashley SmithThe Australian Dollar climbed to its highest level since August 2008 after a report showed China’s exports fell at the slowest pace in nine months in September. China is Australia’s largest trading partner. The Aussie strengthened against 15 of its ...
Australia’s Unemployment Rate Unexpectedly Falls
10/8/09 3:50 PM by Ashley SmithAustralia’s jobless rate fell for the first time in 5 months as employment unexpectedly surged, spurring bets the Central Bank will raise interest rates again next month, to 3.5%.
AUD Weighed Down by Dropping Equities
10/7/09 8:15 PM by Ashley SmithThe Australian Dollar lost some ground today after reaching a 14 month high as stocks slipped as 3rd quarter earnings reports began to be published today. AT&T’s 1.6% drop weighed down on equities and riskier assets such as the AUD ...
Australia’s Central Bank Unexpectedly Raises Interest Rates
10/6/09 9:36 PM by Ashley SmithAfter the success of our recent GBP campaign and due to the demand from our Forex customers, we have decided to expand this idea to offer a comprehensive analysis of the South Pacific Currencies: the AUD and NZD. The AUD ...
AUD and JPY Performance Review
08/18/09 11:25 PM by Ashley SmithThe Australian Dollar rose from near its lowest level in more than two weeks versus the Yen following a rebound in risk appetite as stock markets rallied. Assisting the AUD further were speculations that the currency’s sell-off the past two ...
Is Another Rally in Sight for the AUD and NZD?
08/12/09 11:54 PM by Ashley SmithAfter two days of declines versus the U.S Dollar, as global stock markets dropped and commodities prices fell, the AUD and NZD saw some gains today as stock markets resumed their rally. The Australian and New Zealand Dollars were particularly ...
