Tag Archives: Australian dollar

Aussie falls after RBA meeting minutes signal further rate cuts

The Australian dollar declined against its US counterpart on Tuesday following the release of the country’s central bank policy meeting minutes this morning. The Aussie fell to as low as 94.66 US cents by 07:15 GMT, down 0.8 percent from the Asian session open of 95.42 cents. The Reserve Bank of Australia signalled in its minutes of the June 4 policy meeting that the deprecation as trade...

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June 18, 2013 @ 7:54 am

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Australian dollar rises against broadly weaker US dollar

The Australian dollar edged up against a broadly weaker US dollar on Monday and risk appetite was up, giving a boost to commodities. The aussie is commodity-linked currency, and with Australia being a major gold producer, today’s rise in gold prices helped lift the AUD. AUDUSD climbed to $1.0325, from $1.0287. Support was seen at $1.0250. However some analysts believe that there is...

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April 29, 2013 @ 8:46 pm

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Australian dollar rallies after business confidence rises

A survey by the National Australia Bank (NAB) showed an increase in Australian business confidence, indicating that firms are feeling more optimistic about the global economic recovery. The report released on Tuesday shows a sharp rise in the index to plus 3 points in December, which much better than the previous level of minus 9 in November. After the data, the Australian dollar rose to...

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January 29, 2013 @ 9:47 am

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AUDUSD moves higher on higher Australian retail sales numbers

The Australian government released retail sales data on Monday, which beat forecast and rose in September from the previous month. The aussie firmed up and gained 20 pips against the US dollar in reaction to the 0.5 percent rise in retail sales. Forecasts were for a 0.4 percent increase. Aussie gained back losses made against the US dollar on Friday, moving up to $1.0366 from $1.0335 in...

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November 5, 2012 @ 7:36 am

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