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 [...]
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 [...]
RBA Statement Pushed AUD Upwards…
06th Nov 09, 0630 GMT AUD has gained an upside momentum after the RBA has issued its latest statement that it will keep on hiking the interest rates in the weeks to come. The statement fuelled the AUD which appears to be headed for another positive close in today’s session. Australia has already hiked its [...]
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