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The Australian Dollar fell broadly Wednesday even after official data showed the economy growing at its fastest pace for nearly six years during the second-qaurter, as continued financial instability in emerging market economies and a "risk-off" mood in markets overshadowed the better domestic newsflow for investors.
September 6,2018
The Australian Dollar is threatening to break below a major support level against the US Dollar and touch 0.7000 suggests research from OUB.
September 5,2018
The Australian out-performed rivals during the Asian session on Tuesday, September 04 thanks to a shift in stance to the currency's value at the RBA however a subsequent retreat only serves to confirm to us the negative outlook facing this currency.
September 4,2018
GBP/AUD in strong rebound and the pair is now above 1.80 and in a new short-term uptrend. The main release for the Pound is PMI data and for the Aussie Q2 GDP and a central bank meeting.
September 3,2018
"For the AUD and NZD, better news around China is nearly absorbed and over the rest of the year we remain bearish on both" - ANZ.
August 31,2018
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
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