FX Trading News & Strategies from Australian Stock Report
The Aussie dollar continued to push higher on Friday night, breaking above a key technical level on the back of slightly stronger commodity prices. The local unit added 0.5% against the greenback to settle at 1.0465 at Saturday morning’s NY close, and 0.3% against the yen to settle at 80.57. The Aussie was little changed [...]
Amid stronger equity markets the Australian dollar extended its recent advance overnight, as traders around the world continued to cautiously seek out more risk. The Aussie added 0.6% against both the greenback and the Japanese yen, settling at 1.0429 and 80.09 respectively at this morning’s NY close. During today’s Asian session the local unit has [...]
The Aussie and Kiwi dollars swung between gains and losses overnight amid concerns the ECB’s measures to boost liquidity may not stem the region’s debt crisis. At the NY close the AUD was 0.2% firmer against the greenback, holding above parity at 1.0092. The local unit fared slightly better against the Japanese yen, settling 0.4% [...]
The Aussie dollar lost ground overnight, moving lower in line with international equities after ECB President Draghi made cautious comments about the state of Europe’s economy and Fitch threatened to downgrade France and six Aother eurozone countries. The local unit shed 0.8% against the greenback, slipping below the 0.99 handle to 0.9887 at the NY [...]
The Aussie dollar extended its recent losses overnight, retreating alongside faltering risk sentiment. The local unit shed 0.7% against the greenback to settle at 1.0007 at the NYC close, and 0.6% against the yen to settle at 78.04. The euro slumped overnight, tumbling to an 11-month low against the greenback on concern European leaders remain [...]
The Aussie dollar firmed overnight, adding 0.7% against the greenback to settle at 1.0281 at this morning’s NY close. The local unit didn’t fare so well against the yen, slipping 0.2% to settle at 79.89. Today the Aussie has slipped lower after the RBA cut interest rates by 25 basis points, to 4.25%. It was [...]
The Australian dollar continued its winning ways overnight with traders still willing to take on risk currencies amid an improving outlook in Europe. The Aussie dollar and the Swedish krona were the biggest winners versus the greenback as investors sought higher-yielding assets. The Aussie added 1.3% against the greenback (AUDUSD) to settle at 1.0026 at [...]
Pressured by a sixth consecutive session of losses for local equities, the Aussie dollar slumped to a three-week low of US$0.9666 on Friday. Traders continued to shy away from risk currencies amid concerns that eurozone leaders are struggling to contain the region’s debt crisis. Despite sharp sell-off against the US dollar last week, the Aussie [...]
Risk related assets were belted overnight with traders around the globe continuing to dump commodity based currencies amid ongoing fears of eurozone contagion. The Aussie and Kiwi dollars extended their recent slide against the greenback overnight, with the Aussie falling to its lowest level in almost seven weeks and the Kiwi slipping to its weakest [...]
FX & Aussie Dollar Trading News: February 2
The Aussie dollar enjoyed a positive session overnight amid rising global equity and commodity markets. The Aussie added 0.8% to settle at 1.0698 against the greenback at this morning’s NY close, and 0.1% against the yen to settle at 80.92. During today’s Asian session the local unit reached a five-month high after a report showing [...]