Tag Archives: Australia

AUD falls after Australian jobs numbers miss estimates

The Australian dollar plunged against the greenback during Asian session trading on Thursday after data showed jobs fell more than expected in Australia. This raises speculation that the Reserve Bank of Australia will cut interest rates at its next policy meeting next month. The Aussie slipped to a session low of $1.0500, from where the pair was trading at $1.0535 before the data. AUDUSD hit...

Continue reading...

April 11, 2013 @ 6:40 am

0 Comments

Aussie dollar hits 2-month high

The Australian dollar held onto gains made overnight when it hit its highest in two months at $1.0495, the highest since January 24. Boosting  the aussie currency is growing expectation the nation’s central bank (Reserve Bank of Australia) will be less likely to cut interest rates in when it meets on April 2 to decide on monetary policy. Meanwhile, RBA Governor Glenn Stevens did not address...

Continue reading...

March 27, 2013 @ 7:55 am

0 Comments

Australian dollar gains on strong growth data

The Australian dollar was the best performing currency, gaining n0.4 percent in the session to a high of $1.0299, the highest in a week. Boosting the Aussie was data that showed Australia's economy grew 0.6 percent last quarter, helped by a rise in resource exports. Also signs of steady growth in China, a major trading partner, buoyed investor confidence. The Australian dollar moved further...

Continue reading...

March 6, 2013 @ 6:44 am

0 Comments

Australian dollar boosted by better retail sales and upbeat RBA

The Australian dollar moved further away from an 8-month low after being boosted by better than forecast retail sales numbers on Tuesday. According to the statistics bureau, sales in January surged 0.9 percent compared to a decline of 0.4 percent in December. This beat expectations of a 0.4 percent increase. As a result, the aussie was bought by investors, lifting AUDUSD to $1.0240 from...

Continue reading...

March 5, 2013 @ 7:19 am

0 Comments