FX Trading News & Strategies from Australian Stock Report
The Australian dollar rallied over the past 24-hours, moving past the US$1.08 handle on the back of yesterday refusal by the RBA to cut interest rates. The Aussie added 0.7% against the greenback to settle at 1.8000 at this morning’s NY close, and 0.9% against the yen to settle at 82.92. Overnight the euro rose [...]
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 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 [...]
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 [...]
Uncertainty in global markets created a bumpy ride for the Australian dollar over the last 24-hours. Early in the European session last night the Aussie dropped to a low of US$1.0275 with traders moving away from risk assets following reports that Italian borrowing costs had surged to a 10-year high. After touching the low however, [...]
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 [...]