The Australian dollar has dropped back below 78 US cents following a surge in the greenback and suggestions that the Reserve Bank is willing and able to cut rates again. 138 more words
Tags » AUSTRALIAN DOLLAR
Trades #59 & #60 - More USD shorts
I know right, more USD shorts? Well, let’s say that I might have been a bit premature on trades 55-58. I’ve been looking to short the USD index at 96.16 or above for a while. 140 more words
Aussie dollar hits record low against $NZ
The Australian dollar has reached a new record low against the New Zealand dollar ahead of Thursday night’s European Central Bank policy meeting.
At 8:05am AEDT on Thursday, the local currency was trading at 102.88 New Zealand cents, down from 103.51 cents on Thursday – the lowest level since the kiwi was floated in 1985. 12 more words
WATCH: Markets react to weak GDP data
Interest rates remain under pressure as January’s GDP read comes in weaker-than-expected.
But the bad news is good news for high-flying yield stocks and the sharemarket in general. 17 more words
AUD/USD Weekly Review (March 3rd)
- Similar to the USD/JPY, the Aussie is also in a range (.7625-.7910s). It’s hard to make a move before we get some follow through to either side (even with a big sell-to-buy ratio on the scorecard) 164 more words
ASIC is investigating yesterday's Aussie dollar rally
Corporate watchdog ASIC has confirmed it is looking into a sharp jump in the Australian dollar moments before yesterday’s rate announcement.
The Australian dollar strengthened sharply against the US dollar yesterday, just seconds before Australia’s central bank surprised some investors by holding rates steady. 50 more words
