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Tag Archives: Australian dollar

Australian dollar over US72.28 cents in late trade

CANBERRA: The Australian dollar is higher as traders bank on a US central bank rate rise later in the year. At 1700 AEST on Friday, the currency was trading at 72.28 US cents, up from 71.85 cents on Thursday. Commonwealth Bank currency strategist Elias Haddad said the local currency had enjoyed a sharp gain following the Fed’s decision to keep the ... Read More »

Australian dollar falls to 68 US cents in 2016, National Australia Bank

CANBERRA: National Australia Bank (NAB) Agribusiness has revised down its Australian dollar (AUD) forecast to be at 70 US cents by the end of year and to bottom out in Q1 2016 at 68 US cents (previously 71 US cents). The revision in NAB’s August Rural Commodities Wrap is in light of the recent depreciation of the Chinese Yuan, combined ... Read More »

Australian dollar jumps past US73c on set of soft US data

CANBERRA: The Australian dollar has jumped past US73c on a batch of soft US data after earlier touching a new six-year low. At 7.10am (AEST) on Saturday, the currency was trading at US73.01c, up from US72.84c at the close of local trade on Friday. The local unit briefly dipped to a new six-year low of US72.35c during the offshore session ... Read More »

Australian dollar jumps past US73c on set of soft US data

CANBERRA: The Australian dollar has jumped past US73c on a batch of soft US data after earlier touching a new six-year low. At 7.10am (AEST) on Saturday, the currency was trading at US73.01c, up from US72.84c at the close of local trade on Friday. The local unit briefly dipped to a new six-year low of US72.35c during the offshore session ... Read More »

Australian dollar slightly higher in late trade

CANBERRA: The Australian dollar is slightly higher after the US Federal Reserve appeared cautious about an interest rate rise this year. The Australian dollar was worth 77.31 US cents at 1700 AEST on Thursday, up from 77.15 US cents on Wednesday. The currency performed well after the US Fed chair Janet Yellen failed to indicate that a rate rise is ... Read More »

 Australian dollar stronger against major currencies

SYDNEY: The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to near 2-week highs of 92.65 against the yen and 1.3999 against the euro, from yesterday’s closing quotes of 92.27 and 1.4024, respectively. The aussie, which ended yesterday’s deals at 0.9637 against the Canadian dollar appreciated to an 8-day high ... Read More »

Australian dollar tumbles in Asian trade

SYDNEY: The Aussie fell in Asia on Thursday after a survey on prices and a release on trade data, while the yen held mostly steady as a Tankan survey on inflation expectations showed a mixed picture. AUD/USD traded at 0.7582, down 0.20.03%, while USD/JPY changed hands at 119.71, down 0.03%. In Australia, the March TD-MI Inflation Gauge rose 0.4%, compared ... Read More »

New Zealand dollar climbs against Australian dollar

FRANCE: The New Zealand dollar rose to a new post-float high against the Australian dollar as traders looked ahead to non-farm payrolls data in the US and what is expected to be an interest rate cut by the Reserve Bank of Australia after the long Easter weekend. The kiwi traded at 98.51 Australian cents just after 5pm in Wellington, the ... Read More »

Australian dollar slips near 2 week low on rate cut hopes

PERTH: The Australian dollar has slipped to a near two week low due to falling iron ore prices and rising expectations of an April interest rate cut. At 1700 AEDT on Tuesday, the local unit was trading at 76.32 US cents, down from 77.23 cents on Monday. During the afternoon it fell as low as 76.19 US cents, its weakest ... Read More »

Australian dollar slips toward US77¢

PERTH: The Australian dollar slipped towards US77¢ on Monday as weakening COMMODITY PRICESand an absence of data removed support for its climb to US78¢. In late local trade the Aussie was buying US77.17¢, down sharply from its US78.01¢ level at the same time on Friday. At one stage it brushed US77.12¢ The local unit eased throughout Monday’s domestic trading session, ... Read More »

Australian dollar trades US78.08¢ lower

PERTH: The Australian dollar on Thursday began to ease off recent highs, as traders and investors were again starved of any market-moving releases. In late local trade the Aussie was fetching US78.08¢, compared with US78.58¢ at the same time on Wednesday, and a high for the week of US79.38¢. Despite lack of trading cues, data or news the market was ... Read More »

Australian dollar trades 76.42 US cents lower ahead of Fed meeting

PERTH: The Australian dollar is marginally weaker as disappointing American factory data dents the greenback ahead of the US Federal Reserve’s monetary policy meeting. At 0700 AEDT on Tuesday, the local currency was trading at 76.42 US cents, down from 76.49 cents on Monday. The Australian unit hit its offshore highs, rising close to 77 US cents, after the New ... Read More »

Australian dollar slips to 6yrs low

SYDNEY: The Australian dollar failed to recover from the six-year low it hit on the broad greenback rally despite positive employment data on Thursday (12 March) even as charts showed the pair is at a very crucial support. The AUD/USD slipped to 0.7572 from the previous close of 0.7594 and remained near the low of 0.7560 touched in the previous ... Read More »

Australian dollar climbs in Asian trade after RBA comments

SYDNEY: The Australian dollar gained in Asia on Wednesday on central bank official remarks suggesting economic recovery tools are in place on exchange and interest rates while the yen was stronger on better than expected data. AUD/USD traded at 0.7639, up 0.21%, while USD/JPY changed hands at 121.05, down 0.07%. EUR/USD held at 1.0708, up 0.11%. In Australia, the March ... Read More »

Australian dollar drops multi yrs low on strong US dollar

PERTH: The Australian dollar has fallen back near the multi-year low it hit in January as fresh signals from China indicated that it is unlikely to introduce additional stimulus measures. The sharp rise in the greenback following the February jobs data surprise from the US and hawkish Fed remarks weighed the Aussie dollar further down. The AUD/USD fell to 0.7632 ... Read More »

Australian dollar drops multi yrs low on strong US dollar

PERTH: The Australian dollar has fallen back near the multi-year low it hit in January as fresh signals from China indicated that it is unlikely to introduce additional stimulus measures. The sharp rise in the greenback following the February jobs data surprise from the US and hawkish Fed remarks weighed the Aussie dollar further down. The AUD/USD fell to 0.7632 ... Read More »

Australian dollar falls to 6yrs low on US jobs data

PERTH: The Australian dollar has sunk to its lowest level in six years following surprisingly strong US jobs figures. At 0700 AEDT on Monday, the local currency was trading at 77.07 US cents, down from 78.01 cents on Friday. The better-than-expected US non-farm payrolls data for February caused the Australian dollar to dive more than eight-tenths of a US cent ... Read More »

Australian dollar falls to 6yrs low on US jobs data

PERTH: The Australian dollar has sunk to its lowest level in six years following surprisingly strong US jobs figures. At 0700 AEDT on Monday, the local currency was trading at 77.07 US cents, down from 78.01 cents on Friday. The better-than-expected US non-farm payrolls data for February caused the Australian dollar to dive more than eight-tenths of a US cent ... Read More »

Australian dollar stronger ahead of retail sales in early Asian trade

PERTH: The Australian dollar traded stronger on Thursday early in Asia ahead of trade and retail sales. AUD/USD traded at 0.7822, up 0.04%, while USD/JPY changed hands at 119.72, up 0.03%. The US dollar index was quoted at 95.97, down 0.02%. Australia reports its trade balance for January with a A$950 million deficit seen, while retail sales for the same ... Read More »

Kiwi dollar slips against Australian dollar

WELLINGTON: The New Zealand dollar has weakened against the Australian dollar as traders have already priced in an interest rate cut by the Reserve Bank of Australia. The kiwi slipped to 96.64 Australian cents at 8am in Wellington, from 96.88 cents at 5pm on Monday. The local currency declined to 75.09 US cents from 75.21 cents after US manufacturing data ... Read More »