FX Trading News & Strategies from Australian Stock Report
The Aussie dollar rallied sharply against the greenback this morning following President Obama’s speech, in which he warned that the US debt situation may do ‘serious’ damage to the economy, which spurred investors to dump the USD. The Aussie wasn’t the only currency to benefit from the concerns, with the South Korean won, the Singapore [...]
The Australian dollar has risen for the second consecutive session against the yen today after data showed import and export prices increased more than forecast. The local unit is also headed for a weekly advance against the US dollar amid gains in stocks and optimism the eurozone and US debt problems will be dealt with [...]
Australian Dollar Forex Summary: August 31
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 [...]