Tag Archives: Australia

Aussie steady after Reserve Bank of Australia minutes

The Australian was not impacted greatly after the Reserve Bank of Australia released minutes of the May 7 policy meeting. Nothing that wasn’t already known was revealed, thereby letting the aussie remain steady near its recent lows after weakening from the rate cut to 2.75 percent earlier this month. The minutes were slightly dovish as expected especially for the country’s large mining...

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May 21, 2013 @ 8:43 am

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Australian dollar falls to 11-month low

The Australian dollar moved lower against the US dollar, approaching eleven-month lows in Monday trading, extending losses after last week’s sharp decline which followed a cut in the main interest rate by the Reserve Bank of Australia. Meanwhile, helping support the US dollar is strong US data, especially in relation to jobs. The aussie ignored good data on home loans today, which showed...

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May 13, 2013 @ 10:40 am

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Australian dollar rises after strong jobs data

The Australian dollar gained versus most major counterparts after the release of Australian jobs data on Thursday. More jobs were created in April than expected, giving signs that the labour market is recovering and the overall economy is growing. The Australian Bureau of Statistics reported employers added 50,100 positions , up from the previous month’s decrease by 31,000. Today’s number...

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May 9, 2013 @ 7:49 am

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Australian dollar hurt by weak retail sales and jobs data

The Australian dollar was the biggest mover during Monday’s Asian trading session, declining 0.3 percent against the US dollar after disappointing domestic data. According to the Australia’s Bureau of Statistics, consumer retail sales in March fell 0.4 percent (month over month) down from February’s 1.3 percent increase. Today’s number was much lower than the expected 0.1 percent...

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May 6, 2013 @ 9:42 am

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