Greece Woes Continue to Weigh on AUD
February 25, 2010 2:37 pm by Natalie R.Australian 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
February 15, 2010 3:30 pm by Natalie R.The 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
February 11, 2010 10:06 pm by Natalie R.The 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
January 25, 2010 2:36 pm by Natalie R.The 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
January 25, 2010 1:57 pm by Natalie R.The 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 ...
AUD, NZD Decline on China Concerns
January 20, 2010 3:25 pm by Natalie R.The Australian and New Zealand Dollars continued their decline today on concern China will maintain its efforts to curb loan growth, reducing demand for higher yielding assets. Australia’s currency dropped to 91.37 U.S. cents from 92.32 cents in New York ...
AUD and NZD Drop on Negative Recovery Comments
January 15, 2010 1:47 pm by Natalie R.The Australian and New Zealand Dollars declined overnight as several negative comments were made regarding the prospects of the global economic recovery. The AUD fell from near the strongest level in two months to 92.44 U.S cents from 93.18 cents ...
Australian Employment Rises 4th Consecutive Month
January 14, 2010 12:32 pm by Natalie R.The Australian Dollar reached a high of 93.27 U.S in today’s early trading, its strongest level in two months after the release of the Employment Data which showed employers added jobs for a fourth consecutive month. Australian employers added 35,200 ...
Aussie Up ahead of Employment Data
January 13, 2010 4:15 pm by Natalie R.The Australian Dollar recovered from yesterday’s losses, gaining against all of its 16 major counterparts and rising toward an 8-week high against the USD ahead of the unemployment data due to be released tomorrow at 0:30 GMT. The report is ...
AUD Gains After Release of Disappointing US Employment Data
January 8, 2010 6:40 pm by Natalie R.The AUD strengthened to 92.31 U.S cents versus the Dollar following the release of the U.S Employment Data. The report showed that The U.S. unexpectedly lost 85,000 jobs in December. This negative result dampened investors’ expectations of near-term interest increases ...
