FX Trading News & Strategies from Australian Stock Report
As equity markets steadied overnight, so too did risk currencies and the euro. The Aussie dollar posted gains, with the AUDUSD adding 0.3% to settle at 1.0090 at this morning’s NY close, whilst the AUDJPY added 0.7% to settle at 80.67. The Canadian loonie traded at almost parity with its US counterpart before a government [...]
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 [...]
Currency markets were fairly subdued on Friday night but remain plagued with risk. The euro continues to be dominated by concerns regarding the region’s debt problems, with headlines regularly causing significant shifts in the market. The yen and Swiss franc remain under clouds of further central bank intervention, whilst risk currencies are being pushed and [...]
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, [...]
The Australian dollar fell for a third consecutive session overnight, locking in its longest losing streak against the US dollar (AUDUSD) in six weeks. The Aussie, like other risk currencies such as the Kiwi and the Loonie, was sold off across the board after the Greek Prime Minister announced plans to put the new bailout [...]
The local unit endured another fairly volatile 24-huors period since our last update. In the lead up to yesterday’s RBA decision the movement was fairly muted, but the pair exploded into life following the announcement and into the overnight session. The AUDUSD whipsawed around in a 40-point range straight after the RBA decision, in which [...]
The Australian dollar remained under pressure throughout Friday as risk aversion gripped equity markets. Traders flocked to safety on Friday night after US employment figures came in well below expectations. This saw the local unit trade below the US$1.07 handle. Today’s Asian session has brought more weakness, with the AUDUSD dipping below US$1.06 for the [...]
The Aussie dollar closed largely unchanged after the US session overnight, belying what was actually a fairly choppy 24-hours. The local unit was sold off early in the Asian session yesterday after private sector credit data revealed a fourth straight monthly decline. The weakness in borrowing added to speculation that the RBA will leave interest [...]
The Australian dollar (AUD) was supported strongly on Friday after RBA Governor Glenn Stevens made reasonably upbeat comments about on Australia’s economic prospects during a speech to a parliamentary committee. The Aussie ascent against most of its major counterparts continued into the European and US sessions, with risk sentiment firming after US Fed Chairman Ben [...]
Currency Trading News: December 22
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% [...]