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Could the Carry Trade Help the Aussie?

The Australian dollar has been struggling recently, but there is some speculation that the Down Under currency could get some help moving forward. The carry trade might provide a basis for some success for the Aussie. The move isn’t likely to result in big gains for the currency, though, and Aussie is currently mostly lower.

Aussie Moderates After Earlier Spike

Australian dollar is modifying its trajectory right now, pulling back a little bit after a spike earlier today. Aussie is still mostly higher against its major counterparts, but the gains are a little more subdued.

RBA Decision Helps Aussie Gain Ground

The most recent decision from the Reserve Bank of Australia is helping the Aussie today. Additionally, expectations for an improved economy are helping the Down Under currency make some strides against its major counterparts.

Aussie Heads Higher on Yuan, But Gains Likely Short-Lived

The Australian dollar is higher today, thanks in part to the recent decision to strengthen the yuan. However, the gains are likely to be short-lived, as the Australian economy relies heavily on China.

Turning Point for Aussie, RBA?

Before the terror attacks in Paris, the Aussie was turning in a strong performance following better than expected economic data. As a result, some feel that the Reserve Bank of Australia will soon reduce its dovishness.

Aussie Falls on RBA, China Concerns

Australian dollar is struggling today, falling after the Reserve Bank of Australia voted to remain in a holding pattern on interest rates. Additionally, Aussie is finding it difficult to overcome the issues related to slowing Chinese growth.

Risk Aversion Weighs on Australian Dollar

Aussie is heading lower right now, thanks in large part to uncertainty and risk aversion. Lower stocks and commodity losses earlier are contributing to a lower Australian dollar right now.

Aussie Regains Some Lost Ground After Earlier Plunge

Aussie is regaining some of the ground lost earlier after the announcement that the US Federal Reserve plans to raise rates before the end of the year. Commodity currencies were under pressure toward the end of the day yesterday, and the Australian dollar felt some of that.

Aussie Pulls Back After Earlier Gains

Australian dollar is paring some of its earlier gains right now, which should be a relief to the Reserve Bank of Australia, which has been trying to encourage a weaker Aussie for the sake of economic stimulus.

Aussie Struggles After Rate Cut, Employment Data

After moving above the US80¢ earlier, the Australian dollar is struggling. Thanks to disappointing employment data and a rate cut earlier this week, the Aussie is feeling a little weak against some of its counterparts.

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