Australia — News Archive


Aussie Erases Gains Cause by Amazing Employment Data

The Australian dollar dropped today, falling more than 1 percent against its major peers and erasing its previous gains, as traders continued to anticipate an interest rate hike from the Federal Reserve. Yesterday, the currency jumped due to a positive employment report.

Aussie Down After China’s Trade Surplus Shrinks Yet Again

The Australian dollar fell for the second day in a row today as China’s trade data was disappointing yet again. Economic data from Australia itself was positive but was unable to support the currency.

Positive Data from Australia Doesn’t Help Australian Dollar

The Australian dollar dropped against the US dollar and the Japanese yen today despite positive economic data from Australia. The most likely reason for the drop was risk aversion caused by anticipation of an interest rate hike from the Federal Reserve.

AUD Weaker vs. USD, Rises vs. EUR

The Australian dollar fell against its US counterpart ahead of US non-farm payrolls. The Aussie rose a bit versus the euro after yesterday’s big slumped that had followed the policy announcement from the European Central Bank.

Economic Data Stops Aussie’s Rally

The Australian dollar dropped today as Australia’s economic data released during the current trading session was not impressive at all. The currency fell for the first day in three against its other major peers.

Australian Dollar Attempts to Rally on Steven’s Comments & China

The Australian dollar attempted to rally today on the relatively hawkish remarks from the central bank’s chief and on the news from China. The Aussie pared its initial gains versus the greenback but managed to hold ground against some other majors, including the euro.

Australian Dollar Gains as Risk Aversion Subsides

The Australian dollar rose today, erasing yesterday’s losses against the US dollar and gaining for the fifth straight session versus the Japanese yen. It looks like risk aversion caused by the events in France has subsided, making high-beta currencies attractive yet again.

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.

Australian Dollar Gains for Third Session

The Australian dollar continued to rise today for the third consecutive trading session. Yesterday, the currency demonstrated substantial gains due to an amazing jobs report from Australia.

Australian Dollar Ignores Negative Chinese Data Again

The Australian dollar gained today, ignoring yet again disappointing economic data from China. Supporting the currency was news from Australia itself, being quite positive.