FX Trading News & Strategies from Australian Stock Report
Amid weaker equity markets, the Aussie dollar put in a mixed performance overnight. The local unit added 0.4% against the yen to settle at 81.44 at this morning’s NY close, but gave up 0.6% against the greenback to settle at 1.0478. During today’s Asian session the Aussie has firmed, following the latest CPI figures which [...]
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 [...]
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 [...]
Last night’s action in currency markets saw traders shun risk and scramble into safe-havens, as worries about European and US took their toll. In Europe, a fresh warning on France’s credit rating from Moody’s saw equity markets tumble and currency traders retreat from risk. The dose was doubled once the US session started with broken [...]
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 [...]
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 [...]
The Aussie dollar hasn’t moved a great deal against the greenback (AUDUSD) over the last 24-hours with the local unit hovering around US$1.07. The lack of significant movement in equity markets overnight has translated into a fairly lacklustre Asian trading session today for the pair. Against the Japanese yen (AUDJPY), however, it’s a slightly different [...]
Friday’s session saw the Aussie dollar post gains following data showing that import prices rose by 0.8% for the month of June, a better result that economists had expected. A return of risk appetite also boosted the AUD against the greenback, after further financial aid was provided to Greece midweek. The events of the weekend [...]
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 [...]