AUD
Negative Outlook for AUD
…fallen by nearly $3.4 billion (see chart). This attests to two major trends that will impact the AUD in the near future. First, the Australian dollar’s downside is protected by ongoing structural dollar diversification demand from reserve managers and medium-term…
United front in Europe boosts AUD
…to them have become reluctant to do so, for fear of contagion from the eurozone debt crisis. GFT Forex director of currency research Kathy Lien said the rally on share markets and overall improvement in risk appetite helped lift the Australian dollar higher…
Help for EU banks boosts Aussie dollar
…Australian dollar is more than one US cent higher this morning, after major central banks promised overnight to ensure US dollar liqudity to Europe’s embattled banks. At 6:12 (AEST), the local unit was trading at 103.27 US cents, up from 102.17 US cents yesterday….
Aussie dollar challenge for SA defence
…Fletcher says. At an industry panel in Adelaide, Mr Fletcher said the high value of the Australian currency made it difficult to compete with overseas manufacturers. “The dollar is making our efforts harder,” he told the audience on Thursday. “You find you’re…
Australian dollar losses its momentum as a revised inflation calculations
…Australian dollar witnessed today a sharply decline against its all major counterparts, especially it dropped to the most level in a month versus the American dollar as a revised inflation calculating that pushed the RBA to increase interest rates to 4.75%. Furthermore,…
Australian Dollar Outlook – 09/15/2011
The AUD has strengthened overnight after a downward revision in our local CPI data saw the AUD fall to below USD1.0200 during our trading session yesterday. Australia: The underlying inflation result for Q2 was revised down with the trimmed mean now 2.5%
Australian Dollar Bounce Is Approaching, JPMorgan Says: Technical Analysis
…around 1.000. While there is still downside risk, we are close to some sort of bounce.” The Australian dollar fell 0.9 percent today to $1.0222, from $1.0312 yesterday. The currency dropped to 99.28 U.S. cents on August 9, trading below parity for the first…
Aussie Selling On Global Risk Fears!
The Australian dollar “the Aussie” has been selling off in response to the Euro debt crisis which is no surprise, though the individual fundamentals are not as bad as they seem. The AUD/USD pair is sitting on S2 daily pivot support at a critical level at 1.02. While the pair is likely to continue to trade [...]
Risk Sentiment Falls And AUD Comes Under Pressure
The Australian dollar has been one of the worst performing currencies this week as reduced risk sentiment weighs on the currency. The fact that AUD market positioning continues to increase stands out in this “risk off” trading environment. With market sp
AUD/USD Performance Chart as at 1:00 p.m. Singapore time, 14/09/11
…step up to buy eurozone bonds, potentially halting the spiralling debt crisis. The Australian dollar has been the primary victim during the most recent round of fear-driven selling, and if the crisis is contained, the AUD would likely be a primary beneficiary….
Aussie Dollar Rises as Report Shows Improved Consumer Sentiment
…currency strategist at Royal Bank of Canada in Hong Kong. “So that’s helped to give a lift to the Aussie and the kiwi.” The Australian dollar rallied to $1.0356 as of 11:13 a.m. in Sydney from $1.0312 in New York yesterday.
Australian Dollar Outlook 09/14/2011
…subdued reading come through. Our indicative range today is 1.0250 – 1.0350. Majors: The US Dollar Index has risen to its highest level for a few months, as it does still remain a safe haven currency, and this happens as central banks diversify their foreign…
AUD/USD Performance Chart as at 10:15 p.m. Singapore time, 13/09/11
…Bank of Australia could lower the nation’s benchmark interest rate, which currently sits at 4.75%. AUD/USD initially fell as concern that Europe’s debt crisis will worsen sapped demand for higher-yielding assets; however news that China could potentially support…
AUD/USD: Consolidation Pivots and Breakout Projections
Forex Technical Update AUD/USD The AUD/USD is consolidating this week after a slide from last week’s pivot at 1.0660 to this week’s low so far at 1.0255 . The 1H chart shows that this can be either a double bottom or a triangle formation. If the market rallies directly above 1.0380 , we have a double bottom. If instead, it makes a lower high than before, and falls back toward 1.0280 and the finds a higher low, we have a triangle.
Aussie dollar firm
…unit has traded between US102.56c and US103.83cs. After a small bounce about midnight, the Australian dollar fell back to its overnight low. ANZ Banking Group senior dealer Alex Sinton said risk currencies came under pressure as the negative headlines from…
AUD/USD: Australian Business Confidence Gets Slammed
…this year, less than a 10th of the average of 30,500 job gains in the first eight months of 2010. With the euro on the front stage, the descent of the Australian dollar was receiving less attention. A break below 1.0300 could see a retest of parity….
Australian Dollar Outlook 09/13/2011
…any time soon. Markets are now just waiting for confirmation that Moody has downgraded the French banks; further cementing the likelihood of a default by Greece. Another currency pair that fell through an important level was the GBP/USD which fell to its lowest…
Australian Dollar Trades Near One-Month Low on Greece Concern; Kiwi Drops
…in U.S. equities. “The probability continues to rise for Greek default,” said Grant Turley, a senior currency strategist at Australia & New Zealand Banking Group Ltd. in Sydney.
Aussie dollar slumps
…Australian dollar was nearly two cents lower this morning. The dollar was lower after risk aversion among traders spiked on rumours of a Greek default and the resignation of a senior European banker. At 7.05am (AEST), the local unit was trading at US104.33c,…
AUD/USD Outlook – September 12-16
…was very disappointing in August: a drop in jobs and a rise in the unemployment rate weighed on the Australian dollar. AUD/USD chart with support and resistance lines on it. Click to enlarge: Trade Balance: Monday, 1:30. Australia enjoys a nice surplus in…
