Tag Archives: Aussie

The Australian and New Zealand dollars struggled near multi-week lows on Tuesday following China’s decision to cut several key interest rates. In contrast, the US dollar showed little change as it awaited new economic cues.

AUD remains steady as mixed employment data clouds the outlook for a rate hike. Read how external factors and central bank actions influence trading opportunities.

Key points The Australian dollar climbed 0.2% to 106.98 yen, marking a rebound after four consecutive sessions of declines. This recovery came after suspected intervention from Tokyo last week, which disrupted the popular carry trade, where investors borrow in a low-interest currency like the yen to invest in higher-yielding assets. The intervention saw the AussieContinue Reading

The Australian dollar (AUDUSD) stood strong at NZ$1.1080, close to a 20-month high of $1.1017 reached on Wednesday. This strength followed the Reserve Bank of New Zealand’s (RBNZ) unexpected signal of potential rate cuts.

The Australian dollar (AUD) is nearing a six-month high due to yield differentials and prospects of a Federal Reserve rate cut. The New Zealand dollar (NZD) faces an important central bank policy meeting.

Key points Asia stocks soared to a 27-month high on Thursday, driven by softer U.S. economic data that increased the likelihood of a September rate cut. This development boosted bonds and commodities while dragging down the dollar. A holiday in the United States led to thin trading as investors awaited the outcome of the UKContinue Reading

Key points: The Australian dollar experienced gains this week, buoyed by contrasting interest rate outlooks across major economies. As the Swiss National Bank and the Bank of England leaned towards more dovish policies, the Australian market showed resilience, hinting at a possible rate hike. This divergence has pushed the Australian dollar to impressive heights, reflectingContinue Reading

Key points: The British pound held broadly steady on Thursday as the market awaited the Bank of England’s (BoE) rate decision. The dollar, meanwhile, faced mixed movements against major currencies as it awaited fresh market catalysts. The pound traded at $1.2719, having eked out a slight gain in the previous session. The euro rose 0.03%Continue Reading

Key points: The Australian dollar showed little movement on Tuesday after the Reserve Bank of Australia (RBA) maintained a cautious stance against inflation. The RBA concluded its June policy meeting with rates held at 4.35%, emphasising that household consumption was stronger than initially reported and monthly consumer price figures had not improved. This stance suggestedContinue Reading

The upcoming week is packed with key economic events that could significantly impact the markets. Here’s a detailed look at the key events to watch from 17th to 23rd June 2024, covering important announcements from China, Australia, the UK, and Japan. China to release key economic data in June China kicks off the week onContinue Reading