It was an eventful 24-hour period for the Australian dollar. The local unit rallied against the US dollar (AUDUSD) during the Asian session yesterday after stronger-than-expected retail sales data eased speculation that the Reserve Bank will cut interest rates in September. The Aussie remained strong during the US and European sessions overnight after better-than-expected manufacturing [...]
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 [...]