FX Trading News & Strategies from Australian Stock Report
The Australian dollar experienced wild swings over the last 24-hours amid drastically changing market sentiment. The Aussie was initially sold off throughout the Asian session yesterday as equities lost ground and risk-aversion set in. Despite the early sell-off the Aussie turned around sharply during the European and US sessions amid speculation European policy makers will [...]
The Aussie dollar hasn’t moved a great deal against the greenback (AUDUSD) over the last 24-hours with the local unit hovering around US$1.07. The lack of significant movement in equity markets overnight has translated into a fairly lacklustre Asian trading session today for the pair. Against the Japanese yen (AUDJPY), however, it’s a slightly different [...]
The Australian dollar remained under pressure over the past 24-hours with traders moving away from risk currencies. Moody’s cut of Japan’s credit rating, a drop in Australian construction work in July and speculation about the Fed’s next move all contributed towards a decline in Australian dollar against its US counterpart (AUDUSD). The New Zealand dollar [...]
The Australian dollar has remained under pressure over the last 24-hours with risk aversion continuing to be the salient theme affecting traders. A sharp decline in equities, oil and copper overnight also dampened demand for the commodities based currency. The local unit has remained weak during today’s Asian trading session, as has the Kiwi dollar. [...]
Australian Dollar Trading News: November 9
The Aussie dollar remained fairly subdued over the last 24-hours, hovering in the US$1.03-1.04 region. The AUDUSD remained fairly well supported following reports that Italian Prime Minister Silvio Berlusconi has agreed to resign, which encouraged demand for higher yielding assets such as the Aussie, Kiwi and Canadian dollars. Today the Aussie has pulled back a [...]