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The Australian Dollar hit the ropes Thursday after official data showed the value of business investment falling sharply during the second-quarter and as traders shunned so called risk assets in the face of a renewed meltdown in emerging markets and concerns about the ongoing US-China "trade war".
August 30,2018
The Australian Dollar is seen coming under pressure in the wake of news that Australian lender Westpac has raised its standard variable home loan rate by 14bp to 5.38%.
August 29,2018
"While the AUD saw a knee-jerk move higher on Morrison's appointment, the fragile political backdrop still remains a cause of concern" - ING's Viraj Patel.
August 29,2018
GBP/AUD is in a short-term downtrend after breaking below the 50-week MA with the longer-term charts also suggesting more weakness. Effects on AUD of recent change in Prime Minister meanwhile remain ambiguous.
August 28,2018
The Australian Dollar rebounded Friday after the Liberal Party's "moderate" Scott Morrison prevailed over "conservative" rival Peter Dutton in a Canberra scrap to replace the now-ousted Maclolm Turnbull as Prime Minister.
August 24,2018
The Australian Dollar was the worst performing G10 currency Thursday as Asian markets went into "risk off" mode ahead of US-China trade talks in Washington and as pressure mounts on Prime Minister Malcolm Turnbull to either resign or allow another confidence ballot.
August 23,2018
The Australian Dollar edged higher from August's two-year lows Tuesday as investors rotated back into "risk assets" after President Trump criticised the Federal Reserve for its tightening of US monetary policy, which has been a source of pressure on other currencies this year.
August 21,2018
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