AUD Rallies on Renewed Risk Appetite
03/17/10 10:44 PM by Ashley SmithThe 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
03/8/10 2:43 PM by Ashley SmithThe 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
03/5/10 12:22 PM by Ashley SmithWhile 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
03/4/10 12:38 AM by Ashley SmithAustralia’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
02/26/10 4:45 PM by Ashley SmithThe 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 ...
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 Better than Expected Japanese GDP Data
02/15/10 3:30 PM by Ashley SmithThe Australian Dollar rose against 12 of the 16 most-traded currencies after better than expected Japanese GDP data was released overnight. Gross domestic product in Japan, Australia’s second-largest trading partner, rose at an annual 4.6% pace in the fourth quarter, ...
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 ...
Australian Producer Price Index Unexpectedly Falls
01/25/10 2:36 PM by Ashley SmithThe Australian Producer Price Index (PPI) declined unexpectedly, dropping 0.4% from the previous quarter, as opposed to a 0.1% rise expected by economists. The AUD’s recent gains are to blame for the decline as they eroded the costs of imported ...
AUD, NZD Gain as Risk Appetite Slowly Returns to Markets
01/25/10 1:57 PM by Ashley SmithThe Australian and New Zealand Dollars are seeing a modest recovery today against the USD and JPY as demand for riskier currencies rebounded slightly on speculation Federal Reserve Chairman Ben S. Bernanke will be confirmed for a second term. The ...
