This morning, the Australian employment report joined the ranks of countries that have recently reported surprisingly strong figures, Commerzbank’s FX analyst Michael Pfister notes. AUD […]
Tag: Australian
Australian Dollar drops after China’s NDRC press conference
The Australian Dollar extends downside in Tuesday’s early European session. Chinese officials disappoint traders without more major stimulus, dragging the Aussie; hawkish remarks of the […]
Australian Dollar remains subdued despite a positive China Trade Balance
AUD/USD recovers its intraday losses following the release of China Trade Balance data. China’s Trade Balance increased to CNY 649.34 billion in August, from the previous reading […]
Australian Dollar trims gains as US Dollar appreciates due to risk aversion
The Australian Dollar received support from the hawkish mood surrounding the RBA. China’s Consumer Price Index rose by 0.6% YoY in August, up from 0.5% in […]
Australian Dollar remains weaker following GDP, China Services PMI data
The Australian Dollar remains weaker following the mixed economic data on Wednesday. The Bank of America has revised its economic growth forecast for China, lowering its […]
Australian Dollar consolidates despite improved market optimism
The Australian Dollar moves sideways despite positive economic data on Monday. Australia’s Building Permits increased by 10.4% MoM in July, marking the strongest growth since […]
Australian Dollar closes the week strong helped by a weaker USD and a hawkish RBA
AUD/USD soared on Friday after Powell’s words at the Jackson Hole Symposium. Powell hinted that the Fed is ready to cut rates. On the other […]
Australian Dollar remains solid as US Dollar depreciates ahead of Fed Powell’s speech
The Australian Dollar gains ground due to an improved risk-on mood on Friday. The AUD may appreciate further due to the hawkish sentiment surrounding the […]
Australian Dollar steady as hawkish RBA makes the Aussie gain interest
AUD/USD shows an increase, climbing to 0.6950. RBA’s Bullock was on the wires and maintained its hawkish stance. A weaker USD also benefited the Aussie. […]
Australian Dollar falls after the surprise rate cut by RBNZ
The Australian Dollar depreciates after an unexpected 25 basis points rate cut by the RBNZ on Wednesday. The Aussie Dollar may face challenges due to […]