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Australian Dollar Weak on Interest Rate Cut Outlook

The Australian dollar was one of the weakest currencies on the Forex market during Wednesday’s trading. The Aussie fell even against its New Zealand counterpart, which itself was extremely soft, though by now the AUD/USD pair has almost erased its losses. Market analysts thought that the main reason for the currency’s weakness was the outlook for an interest rate cut in the near future.

AUD/USD Challenged by the 0.7320 Resistance Area

The Australian versus the US dollar currency pair wants to continue the appreciation, but it seems to be limited by the 0.7320 resistance. Is this the end of the road for the bulls?

Australian Dollar Stable, Falls vs. Japanese Yen & NZ Dollar

The Australian dollar was stable today, staying flat against most other currencies, though fell versus the Japanese yen, which managed to recover from the earlier losses to trade as one of the strongest currencies on the Forex market on Friday. The Aussie fell against the New Zealand dollar too as it was also among the strongest, rising to the highest level in a year and a half.

Australian Dollar Firm Ahead of Employment Report

The Australian dollar was firm today amid the generally positive market sentiment. While today’s domestic macroeconomic data was good, it was of limited importance, and traders are more interested in tomorrow’s employment report. Meanwhile, markets wait for the FOMC monetary policy announcement that will happen later today.

AUD/USD Limited by 0.7320?

The Australian versus the US dollar currency pair seems to be bounded by 0.7191 and 0.7320. Did the bulls lose their strength?

Australian Dollar Holds Ground Despite Risk Aversion

The Australian dollar rose a bit today, gaining against all other most-traded rivals, despite risk aversion prevailing on markets. Domestic macroeconomic data was good but is unlikely to provide the currency substantial support.

Bulls Challenged from 0.7320 on AUD/USD

The Australian versus the US dollar currency pair slipped under the major 0.7320 level. Are the bears coming back?

Australian Dollar Stays Firm Despite Disappointing Retails Sales

The Australian dollar rose against some of its rivals today despite a slightly disappointing retail sales report. The gains were limited, though, as markets were quiet ahead of US nonfarm payrolls due for release later over Friday’s trading session.

Australian Dollar Weak After Trade Balance Shrinks

The Australian dollar was weak today, falling against almost all other most-traded currencies. Some market analysts blamed the decline on the disappointing trade data released in Australia during the trading session, while others thought that it might be just a corrective sell-off after the incredibly good performance last month.

Aussie Soft After Economy Enters First Recession in Almost 30 Years

The Australian dollar was soft today after data confirmed that Australia’s economy has entered a recession. The losses were limited, though, and the Aussie managed to remain flat against a range of peers. The currency had a muted reaction to yesterday’s monetary policy announcement from the Australian central bank.

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