Posts Tagged ‘aussie’
Photographer: Peter Parks/AFP/Getty Images

Australia’s Dollar Fell To Lowest on Iron Prices

by Forex Rooton December 15, 2014 6:29 am BST
The Aussie weakened against most of its 16 major peers after Treasurer Joe Hockey said yesterday the budget deficit is deepening because of the biggest slump in the nation’s terms of trade since records began more than 50 years ago. The yen pared gains after Prime Minister Shinzo Abe’s victory in elections he called to […]

AUDUSD Consolidates After Five-Month High

by Christopher Lemieuxon April 9, 2014 5:19 pm BST
The Australian dollar continues to push higher against the greenback, as traders dump the US dollar in typically fashion going into the FOMC minutes this afternoon. The US dollar is down roughly $1 in three sessions, which was triggered on the rejection of the daily 200 EMA. Robert Lynch, FX strategist at HSBC Holdings PLC, […]

AUDUSD Sinks to Three-Year Low, Down 1.5 Percent

by Christopher Lemieuxon January 16, 2014 12:16 pm BST
The Australian labor market shed 22K jobs overall, over 31K full-time jobs, marking 2013 the worst labor market since 1992. Traders heavily sold the Aussie to hit three-year lows on the AUDUSD on speculation that the Reserve Bank of Australia (RBA) will cut the benchmark rate from its all-time low of 2.5 percent. Rate cuts […]

Will AUDUSD Hit .9600?

by Christopher Lemieuxon October 15, 2013 2:34 am BST
The monetary statement released tonight by the Reserve Bank of Australia (RBA) indicates that the Australian economy is still growing under-par. The RBA board members concluded that Australia’s growth is still running under trend heading into the September quarter. The domestic economic outlook still looks bleak as non-mining investment and willingness for businesses to take […]