AUD/USD: Interest rates to remain low, indicated the RBA

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.35% against the USD to close at 0.8787. LME Copper prices declined 0.02% or $1.0/MT to $6629.0/MT. Aluminium prices rose 3.02% or $56.5/MT to $1929.5/MT. In the Asian … Continue reading

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AUD/USD: Inflation to remain between 2-3%, said the RBA Assistant Governor

AUDUSD Movement On Friday, the AUD traded flat against the USD to close at 0.8763. LME Copper prices declined 0.02% or $1.0/MT to $6629.0/MT. Aluminium prices rose 3.02% or $56.5/MT to $1929.5/MT. In the Asian session, at GMT0300, the pair … Continue reading

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AUD/USD: Aussie trading flat in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.40% against the USD to close at 0.8763, amid a broad strength in the greenback. LME Copper prices declined 2.23% or $151.0/MT to $6630.0/MT. Aluminium prices declined 2.07% … Continue reading

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AUD/USD: Aussie trading on a weaker footing this morning

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.02% against the USD to close at 0.8798. LME Copper prices rose 0.01% or $0.5/MT to $6781.0/MT. Aluminium prices rose 0.18% or $3.5/MT to $1912.5/MT. In the Asian … Continue reading

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AUD/USD: Aussie trading higher in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.56% against the USD to close at 0.8709. LME Copper prices declined 0.32% or $21.5/MT to $6780.5/MT. Aluminium prices rose 0.29% or $5.5/MT to $1909.0/MT. In the Asian … Continue reading

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AUD/USD: Aussie trading on a stronger footing this morning

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.16% against the USD to close at 0.8758. Yesterday, the RBA Assistant Governor, Guy Debelle stated that the Australian Dollar still remained “over-priced” and thus the exchange rate … Continue reading

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AUD/USD: Aussie reverses its losses in the Asian session

AUDUSD Movement On Friday, the AUD weakened 0.89% against the USD to close at 0.8684. LME Copper prices declined 1.03% or $70.0/MT to $6697.0/MT. Aluminium prices declined 1.69% or $32.5/MT to $1891.5/MT. In the Asian session, at GMT0300, the pair … Continue reading

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AUD/USD: Aussie reverses its losses this morning

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.82% against the USD to close at 0.8762. Yesterday, the RBA’s Financial Stability Head, Luci Ellis stated that the low interest rates in Australia were boosting house prices … Continue reading

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AUD/USD: Australian unemployment rate came in line with market expectations at 6.1%

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.23% against the USD to close at 0.8834. In economic news, Australian foreign exchange reserves expanded to a level of A$60.89 billion in September, after advancing to a … Continue reading

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AUD/USD: Australia’s jobless rate to remain above 6%: IMF

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.56% against the USD to close at 0.8814. LME Copper prices rose 0.04% or $2.5/MT to $6715.0/MT. Aluminium prices declined 0.63% or $12.0/MT to $1886.0/MT. Yesterday, the IMF … Continue reading

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AUD/USD: The RBA held its interest rates unchanged at 2.5%

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 1.25% against the USD to close at 0.8765. On the macro front, the Australian AiG performance of construction index climbed to 59.1 in September, following a reading of … Continue reading

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