AUD and NZD Lower ahead of U.S Employment Data
January 8, 2010 4:09 pm by Natalie R.The AUD is ending the first week of 2010 slightly down versus the USD and JPY on speculation this week’s 2% gains versus the two currencies were too rapid. The AUD, along with the NZD, was headed for weekly gains ...
AUD rises against all 16 Major Currencies
January 7, 2010 5:09 pm by Natalie R.The Australian Dollar reached a high of 92.33 U.S. cents in today’s early trading after the release of the Retail Sales report which showed Australian retail sales rose in November by the most in eight months. The better than expected ...
AUD and NZD 2009 REview and Outlook for 2010
December 31, 2009 3:01 am by Natalie R.The Australian and New Zealand Dollars were among the top performers versus the U.S Dollar this year with the AUD advancing 27% against the greenback and the NZD 25%. This rise was due to the large difference in interest rates ...
AUD and NZD Gain versus the USD as Risk Appetite Surges
December 31, 2009 2:15 am by Natalie R.Wednesday the Australian Dollar climbed 1.2% against the USD to trade at 89.72 U.S. cents as stock markets rallied and risk appetite returned for investors. While the AUD remained mostly unchanged versus the greenback Thursday, the currency slid slightly as ...
South Pacific Currencies Rebound after a Sharp Sell Off
December 24, 2009 3:28 pm by Natalie R.The Australian and New Zealand Dollars rebounded yesterday following their sharp sell-off this past week which impelled investors to buy the two currencies as they perceived their low levels are overdone. The currencies also received a boost after the release ...
AUD and NZD Recover as Equities and Commodities Pick Up
December 18, 2009 6:01 pm by Natalie R.The Australian Dollar rose from a 10-week low as investors took advantage of the undervalued price and bought the currency. The Australian Dollar declined 2.7% this week to a low of 88.11 U.S cents; exhibit the worst performance against the ...
The AUD and NZD Continue to Decline as Dollar Strengthens
December 17, 2009 8:32 pm by Natalie R.The Australian Dollar fell 1.3% and the New Zealand Dollar slid 1.1% against the USD to trade at 88.58 U.S. cents and 71.24 U.S. cents respectively, as demand for higher yielding assets continues to decline. Australia’s Dollar declined earlier as ...
AUD Falls on Policy Comments
December 16, 2009 10:45 pm by Natalie R.The 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 ...
Australia Sees Drop in Unemployment Rate
December 11, 2009 7:11 am by Natalie R.The Australian Dollar rose to 91.71 U.S cents following the biggest three month surge in Australian employment in three years. Employers added 99,500 workers in the three months to Nov. 30, pushing down the jobless rate to 5.7%. It seems ...
Stevens Optimistic about Australian Economic Outlook
December 8, 2009 8:32 pm by Natalie R.RBA Governor Stevens spoke in Sidney today, sounding quite optimistic as to the state of the Australian economic recovery. He also hinted at further room for interest rate increases, stating that “the fundamental problem is actually that financial conditions are ...
