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Tag: Australian
Australian Dollar softens ahead of US NFP release
The Australian Dollar attracts some sellers in Friday’s early European session. Discouraging GDP numbers sparks the RBA rate cut bets, weighing on the Aussie. The US […]
Australian Dollar softens as markets digest both Judo and S&P PMIs
Aussie dropped 0.27% to 0.6495 in Friday’s trading. Mixed Judo Bank PMI data impacted the AUD, with strong manufacturing but weak service sector activity. S&P […]
Australian Dollar dips on renewed US Dollar strength
AUD/USD falls as the USD regains strength. RBA holds rates steady but remains hawkish, citing inflation risks. The Fed’s neutral outlook suggests caution regarding future […]
Australian labour market also surprises positively – Commerzbank
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 […]
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 […]