AUD Falls despite another Interest Rate Hike
May 4, 2010 12:30 pm by Natalie R.Australia’s central bank increased the benchmark interest rate for the 6th time to 4.5% from 4.25%. The accompanying statement sent slightly mixed signals, flagging inflation concerns but also hinting to a pause in the monetary policy tightening stating that borrowing ...
Australian Inflation Grows, AUD rises versus Counterparts
April 28, 2010 8:15 pm by Natalie R.Australia’s inflation rate increased to 0.9% in the first quarter, on par with expectations and almost doubling from the previous quarter’s 0.5%. The result boosted investors’ expectation that central bank governor Glenn Stevens will continue the round interest-rate increases during ...
AUD/USD Reaches New Highs as Australian Employment Improves
April 8, 2010 4:41 pm by Natalie R.Australian employers added 19.6K jobs in March, with the unemployment level remaining at 5.3%, almost half the unemployment rate in the U.S and E.U. Tuesday, Reserve Bank of Australia Governor Stevens raised interest rates to 4.25%, the 5th time out ...
AUD Breaks 4 day Loss, Rises on RBA Governor’s Remarks
March 29, 2010 12:00 pm by Natalie R.The Australian Dollar ended its recent downward trend in today’s Asian and European trading, ahead of Wednesday’s Retail Sales report which is expected to shows February sales rose. The AUD was further boosted be comments made by Reserve Bank of ...
AUD Declines as Dollar Strengthens and Commodities Drop
March 24, 2010 5:17 pm by Natalie R.The Australian and New Zealand Dollars have been suffering this week along with other higher yielding currencies from the negative economic sentiment and the strong Dollar. Continued concerns over the Greek debt crisis, as well as today’s downgrade of Portugal, ...
AUD Rallies on Renewed Risk Appetite
March 17, 2010 10:44 pm by Natalie R.The Australian Dollar rallied today as world equities and commodities rose on renewed risk appetite. The jump came after Federal Reserve’s decision Wednesday to keep interest rates at an all time low and after a drop in one reading of ...
AUD Rises on Market Optimism, Growth in Oil Prices
March 8, 2010 2:43 pm by Natalie R.The Australian Dollar rose to it strongest level since January as concerns eased over Greek budget debt and commodity prices rose. Demand for the AUD and other higher yielding currencies increased after French President Nicolas Sarkozy signaled support for Greece. ...
AUD Maintains Strength Ahead of U.S Non Farm Payroll Data
March 5, 2010 12:22 pm by Natalie R.While staying lower for most of today’s Asian trading as investors awaited key US employment data, the AUD has recovered earlier losses and is currently back to trading above 90 U.S cents. With no other major news most investors remained ...
Australian Economy Grows at a Faster than Expected Rate in the 4th Quarter
March 4, 2010 12:38 am by Natalie R.Australia’s economy grew at a faster than expected rate last quarter, climbing 0.9% from the 3rd quarter. The better than expected result help solidify the notion that the Australian economic recovery is sustainable, underscoring the central bank’s decision yesterday to ...
Australian Economy Continues to Recover, Expectation of Interest Rates Hike Mount
February 26, 2010 4:45 pm by Natalie R.The Australian Dollar rebounded slightly in today’s early trading after better than expected results for Private Sector Credit were published. This is a measure of the change in the total value of new credit issued to consumers and businesses. The ...
