FX Trading News & Strategies from Australian Stock Report
The last 24-hours saw a high of 1.0470 and a low of 1.0360 for the Australian dollar against its US counterpart (AUDUSD). The Aussie, after rallying for most of yesterday, failed to hold above US$1.04 late in the US overnight, settling at 1.0390. The local unit gained some significant ground against the greenback during today’s [...]
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. [...]
AUD Currency Trading News: September 5
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 [...]