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updated Wed. April 25, 2018

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Despite broad weakness in the Pound (GBP) since last week, the Pound to Australian Dollar (GBP/AUD) exchange rate climbed again on Tuesday due to disappointing Australian data. Last week's Pound weakness caused GBP/AUD to tumble from 1.8329 to 1.8256, but during Tuesday's Asian session ...
The Australian dollar consolidated during the Tuesday session, drifting around, and trying to look for some type of direction. We have broken below an uptrend line that goes back several months, and that of course is a very negative sign. However, we have not picked up downward momentum. At this ...

DailyFX.com -. To get the Asia AM Digest every day , SIGN UP HERE. Current Market Developments - Alphabet Earnings, Poloz Speech. Towards the end of Monday's session, Google's parent company Alphabet reported first quarter earnings after US market close. EPS and revenue ex-TAC beat ...
At 0635 AEST on Tuesday, the local currency was worth 76.06 US cents, down from 76.71 US cents on Monday. Earlier in the morning, the Australian dollar fell as low as 76.00 US cents, its lowest level since December 13. currency SNAPSHOT AT 0635 AEST ON TUESDAY. One Australian dollar buys:.
Traditionally, investors could earn a higher return by selling US Dollars or a range of other developed world currencies and buying Australian Dollars in order to park their money in the Aussie bond market. Now the maths behind this idea no longer works as US bond yields are higher than their ...

Looking at this week's Commitments of Traders Report, the most notable changes include falling net positions in the Australian dollar and rising net positions in the British pound. Changes in other currencies and commodities were fairly limited. In general, speculators continue to buy the euro and the ...
The Australian dollar put in a mixed performance on Thursday. It was caught in the cross-currents of renewed US dollar strength and improved investor risk appetite. China will release trade data for March today, including its trade surplus with the United States.
The Australian dollar is on the charge in Asia, rally against all of the major crosses. Here's the scoreboard as at 1pm AEST. AUD/USD 0.7735 , 0.0038 , 0.49% AUD/JPY 82.87 , 0.70 , 0.85% AUD/CNH 4.8633 , 0.012 , 0.25% AUD/EUR 0.6279 , 0.0032 , 0.51% AUD/GBP 0.5473 , 0.0027 , 0.50% ...
The Australian Dollar to Pound Sterling (AUD/GBP) exchange rate fluctuated on Monday, rising in the early hours on news that Australia has successfully secured exemption from US President Donald Trump's steel and aluminium tariffs, but coming under pressure later into the day as anticipation built for ...
Sterling continues to trade with a bullish bias against the Australian Dollar and we eye the next potential targets. The GBP/AUD exchange rate is quoted at 1.7604 in early European trade on Monday, March 12 with the Australian Dollar having strengthened during the Asian session, extending the boost ...
Meanwhile, the Australian dollar, supported by global commodity prices, is holding its own against a greenback softened by an easing in US wages growth and a resultant reduction in inflation-driven rate hike expectations. At 5pm AEDT on Monday, the local currency was worth 78.70 US cents, up from ...
The Australian dollar is continuing to climb in today's trading session, following on from last Friday's surge after news surfaced that a meeting between US president Donald Trump and his North Korean counterpart Kim Jung Un was due to take place in the nearest future. The Aussie dollar has suffered in ...
The Australian dollar rallied hard on Friday, jumping to the highest level since late February against the greenback. The move was sparked by a weak US wage report for February, casting doubt over the need for more aggressive rate hikes from the US Federal Reserve this year. There are no major ...
As we contemplate 2018 there are a number of key themes that we believe will dominate economic and market developments. Our advice to customers throughout 2017 has been to expect Australia's growth rate to likely be anchored below trend in both 2018 (2.7%) and slowing to 2.5% in 2019. That has ...
Is your trading strategy failing? Perhaps you're making the Number One trading mistake. Find out here. The Australian Dollar faces a week rather short of likely economic cues, with the March monetary policy meeting from the Reserve Bank of Australia now safely behind us.
Just started trading AUD/USD and not sure how to apply the bearish reversal pattern into your strategy? Check out our beginners' FX markets guide! The Australian Dollar took a small hit as February's Chinese inflation figures beat expectations. CPI was 2.9% y/y versus 2.5% expected, the highest since ...

Strength in the US dollar was driven by a slide in the euro following the ECB's interest rate decision. Highlights today include the Bank of Japan's monetary policy decision and US non-farm payrolls, especially the hourly earnings figure.
The Australian Dollar was on its way to finish another week higher against its US counterpart. It did show some temporary weakness on softer Chinese industrial production figures and a rather disappointing local jobs report . However, it recovered in both instances in the aftermath. It wasn't until ...
The survey of 41 analysts plotted a uneventful future for the Australian dollar, which is seen at $0.7800 in one, three and six months' time. That would be an unusually flat profile for the typically volatile currency. Over 2017, for example, the Aussie went from as low as $0.7165 to as high as $0.8125 before ...
Westpac says the Australian dollar is looking “expensive” and “at risk of weaker price action”. “The potent combination of further deterioration in yield spreads, limited support from commodity prices, increased focus on political risks and a crystal RBA clear message that 'progress in reducing unemployment ...
The Australian dollar recovered on Thursday after falling heavily a day earlier, pushing higher against all major crosses except the Japanese yen. Fitting with the recent price action, the US dollar was again in the think of things, going into reverse after rising strongly on Wednesday following the release of ...
The Australian Dollar is facing increasing headwinds in the months ahead now the short term interest rate outlook has deteriorated, according to Maybank in Singapore, although it can still rise against the US Dollar in 2018. Strategists have become increasingly cautious in their outlook for the Australian ...
It's been an ugly session for the Aussie, losing ground against all of the major crosses, especially the greenback. Having fallen steadily before the release of the FOMC minutes, the AUD/USD initially jackknifed higher once the minutes hit the screens, erasing all of its earlier losses as traders took the view ...
The Australian Dollar advanced on the Pound during early trading in London Tuesday and extended its recent gains over a broader basket of developed world currencies, after drawing support from higher commodity prices overnight. Both iron ore and gas prices ticked higher Tuesday, helping the Aussie ...
Turning to the session ahead, the main item on the agenda for Australian dollar traders will be the release of Australia's December quarter wage price index (WPI) report at 11.30am AEDT. Wage pressures, or lack thereof, has taken on increased significance in recent months given the Reserve Bank of ...
The Australian dollar is currently fetching around 79 US cents. Photo: Louie Douvis. After a 10 per cent drop in the trade-weighted Bloomberg US dollar index in 2017, "the greenback is likely to continue to weaken over the next couple of years", Macquarie chief economist Ric Deverell writes. "In part this ...
A rather status quo minutes probably allowed the Australian Dollar to focus on risk trends uninterrupted. Leading into the release, the currency was already climbing alongside S&P 500 futures (E-mini contracts). Simultaneously, a weaker US Dollar probably also benefited the Aussie. Shortly after the report ...
Trade all the major global economic data live and interactive at the DailyFX Webinars. We'd love to have you along. The Australian Dollar spend last week at the mercy of broader global economic sentiment and it's all-too likely to remain there in the coming sessions even though they will offer ...
It was aided by relatively dovish comments from RBA head Phil Lowe but the US stocks crash played the major role, deterring forex risk as well. Deutsche reckons (quite rightly) that the Aussie dollar shock absorber is back in action: Three weeks of equities down, 10y yields up, has not happened for more ...
The Pound rose sharply against the Australian Dollar during early noon trading Thursday after the Bank of England told markets that it might raise interest rates faster than was previously thought, thanks to stubbornly high inflation and a stronger than expected economic performance from the UK. Bank of ...
The Australian dollar is under pressure, falling to a six-week low against the greenback. A sharp lift in bond yields has unnerved stock market investors, thanks in part to hawkish commentary from several leading central bank officials. The Reserve Bank of Australia (RBA) will release its quarterly statement ...
The Australian dollar has slipped to a six-week low against its US counterpart, before regaining some ground, as the US dollar has extended its recent gains. At 0635 AEDT on Friday, the Australian dollar was worth 78.00 US cents, down from 78.25 US cents on Thursday.
Finally some sense in markets reflecting real growth prospects. Three or four US rate hikes are coming this year, none in Australia. Assuming the terms of trade roll over later this year then the Aussie will sink like a stone. ————————————–. David Llewellyn-Smith is Chief Strategist at the ...
For a currency that strengthens when global growth accelerates, recent moves in the Australian dollar have been fairly disappointing. While the currency rocketed higher between mid-December and late January, the Australian dollar has sold off sharply in recent weeks. The currency first began weakening ...
The Australian dollar plunged towards a US77¢ handle amid a resurgent greenback on news of a US government funding agreement in the Senate and a drop in the price of oil as well as copper. The currency fell 1.1 per cent to US78.23¢ at about 6.45am AEDT, near its overnight low of US78.17¢, ...
In the aftermath of the RBA rate decision, the Australian Dollar eventually succumbed to selling pressure. This may have been the case due to the lack of urgency from policymakers to act on rates. With overnight index swaps pricing in a 64.2% probability of an RBA rate hike in 2018, some of those hawks ...
Currencies at risk during a global equity slump are higher-yielding commodity- linked currencies like the Australian dollar and emerging market currencies, which often slide when risk appetite drops, analysts told Reuters. At 10:23am (2:23am Wednesday AEDT), the dollar index was up 0.48 per cent at ...
The Australian dollar has stabilised after falling to an one-month low earlier on Tuesday, largely mirroring the movements in global stock markets seen during the session. Here's the scoreboard as at 7.50am AEDT. AUD/USD 0.7888 , 0.0011 , 0.14% AUD/JPY 86.4 , 0.47 , 0.55% AUD/CNH 4.9544 , -0.0169 ...
In just over three weeks the Pound has appreciated an incredible seven cents against the Australian Dollar; despite the Aussie showing some decent strength elsewhere in the FX markets. At the start of January one Pound could buy you just under 1.71 Australian Dollars - at the end of last week, it could ...
The Australian Dollar looked to have snapped a three day losing streak Monday, when it rose against much of the G10 basket as markets awarded the currency a moment of respite ahead of the latest interest rate statement from the Reserve Bank of Australia and December's retail sales report. However ...
The Australian dollar put in a resilient performance on Monday, trading mixed against the major crosses despite another significant bout of financial market volatility and further strength in US economic data. That Teflon-like performance could well be due to the raft of major market events that will arrive ...
It's reassuring to know that the AUD still works as counter-cyclical cushion when the heat really comes on. Positioning on the CFTC fell marginally last week to a modest 13k contracts long: Plenty of room there for the currency to keep falling. The fundamental driver is still falling yield spreads which all ...
After closing Friday's session nursing a loss of 1.5%, the largest since May last year, the AUD/USD has continued to slide upon the resumption of trade on Monday morning, currently sitting at .7911. Ray Attrill, Head of FX Strategy at the National Australia Bank (NAB), says the move is being driven by a ...
Earlier today, the Australian dollar tumbled as much as 1.5 per cent and fell as low as US79.21 cents. By 8am, the Australian dollar was down 1.4 per cent and sitting at US79.28 cents. Some experts suggest the Aussie dollar might recover and keep climbing above the 80 cent mark — others aren't so sure.
With all of that in mind the markets will still be grateful for any windows the RBA may care to open into its current thinking, perhaps especially as regards the Australian Dollar. The central bank has been quiet this year so far even as its currency remains extremely elevated against the beleaguered ...
The local currency fell as low as US79.21¢ at about 2am AEDT, shortly after the January US jobs data hire the wires. It was down 1.3 per cent at US79.32¢ at 3.50am AEDT. AAP. Share on twitter. by Timothy Moore. The Australian dollar plunged as much as 1.5 per cent as its US counterpart rallied hard ...
Even in the absence of any fresh Australian data the Pound to Australian Dollar (GBP/AUD) exchange rate struggled to make any particular headway ahead of the weekend. While the UK fourth quarter gross domestic product data surprised to the upside this failed to significantly boost the Pound (GBP) ...
Swiss lender UBS have confirmed they see the current Australian Dollar uptrend continuing, having assessed that global commodity prices are likely to remain robust. Commodities are an integral foreign currency earner for Australia and therefore a source of support for the AUD; higher prices clearly ...
The Australian Dollar has seen a parabolic rise at the start of 2018, driven by an intoxicating combination of higher commodity prices and a weaker US Dollar. For now, the party goes on, with fresh gains for precious and industrial metals helping the Australian currency to new highs on Thursday. But one ...


 

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