Australian Dollar Breaking Out
The Australian dollar is bucking up against trend line resistance after making a run from a low near 80 cents against the US dollar, to touch a intra-day high near 93.60 cents vs. the dollar on Monday. There are a number of factors that would lead one to believe there are higher prices in store. [...]
Aussie slides on unchanged interest rates
The Australian Dollar slid today in forex trading on account of the Australian central bank deciding to maintain the benchmark interest rates at their current levels. The RBA avoided changing interest rates to maintain economic recovery in the country. The Australian dollar fell to the lowest level in nearly 6 weeks, against all 16 of [...]
Bumpy ride for the Aussie Dollar
Following an impressive show throughout January, The Australian Dollar lost to the US dollar last week but then again gained some ground in early trading today. The pair has been trading throughout the day between 0.9000 and 0.9100 up from 0.8980 last week, a reported 3 weeks low. Earlier today, the AUD was trading at [...]
Aussie falls with softer Gold and strong Greenback
The Aussie appears to be facing stiff upward resistance today as it fell badly today, primarily on account of a softer gold market, and buying in the US Dollar and the Euro. During the Asian currency market session, the Australian Dollar had fallen to the .8924 level, after having made a weekly high of .8992 [...]
Aussie falls to a new 2 month low
The Australian dollar today fell to a fresh 2 month low of .8760 versus the US Dollar, from its earlier highs of .9195 from earlier this month. The Aussie-Greenback pair fell primarily on account of the positive investor sentiment on the US economic recovery, which is expected to lead to a withdrawal of stimulus incentives. [...]
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