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Australian Dollar up despite Consecutive RBA Rate Cuts

The Australian Dollar launched a comeback against many of the major pairs today following impressive trade surplus. This positive movement is motivated by the trade surplus, global index price performance and the rationale that the RBA’s cuts would to investors at least have now fell by the wayside. The reserve bank of Australia implemented two 25 basis point cuts in…

Australian Dollar Goes Down

Australian Dollar Set to Weaken Further after a Poor 6 Months – Here’s Why

The Pound-to-Australian (GBP/AUD) Dollar exchange rate moved to a near a four-month high at 1.8688 at due to the Brexit process going as planned and seemingly Aussie-negative news out of Asia. The AUD weakened on Thursday in response to signs of a further contraction in the Chinese manufacturing sector during February. China's economic problems directly impact upon the domestic Australian…

AUD Slips at Start of New Week

On 8th March, AUD saw trading lows that haven’t been seen since January. Although there can be many reasons for this, many are citing the release of the Australian Gross Domestic Product figures that were very weak. The 0.2% on-quarter growth noted in the last three months of 2018 is the lowest it’s been since the third quarter of 2016,…

Recent Data Shows AUD is Under Pressure

AUD fell on Friday 09th November 2018, showing that investors are taking less risk when it comes to investing in the currency. The Australian dollar close the week at .7224, but has dropped again in fresh trading on 12th November 2018, seeing the USD/AUD currency pair trading at .7212. This can be attributed toward the weakness seen in GBP, which…

Despite Mixed Results AUD Stands Its Ground

AUD finished with mixed results when the scoreboard was revealed in Sydney at 7 a.m. on Friday 21st September. Although it was able to stand strong against USD, other pairings mostly fell. The results of the scoreboard were as follows: AUD/USD            0.7291                   0.0028                   0.39% AUD/JPY              82.02                     0.48                       0.59% AUD/CNH           4.9833                  0.0082                  0.16% AUD/EUR            0.6190                   -0.0032               …

The Australian Dollar Strengthens as Scott Morrison Wins Prime Ministerial Race

Partly assisted by the outcome of The Jackson Hole symposium which took place in the hours that followed, the Australian Dollar enjoyed a slight lift as Scott Morrison was elected the 30th Prime minister of Australia this week, Morrison succeeded Malcolm Turnbull who had faced two leadership challenges in recent weeks. Liberal party leadership challenge A leadership contest began following…