AUD/USD: Aussie trading a tad higher this morning, following yesterday’s fall

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.62% against the USD to close at 0.9340. LME Copper prices declined 0.4% or $24.0/MT to $6711.0/MT. Aluminium prices rose 0.4% or $6.5/MT to $1808.5/MT. In the Asian … Continue reading

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AUD/USD: Current monetary policy stance appropriate for the Australian economy, indicated RBA’s minutes

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened marginally against the USD to close at 0.9398. LME Copper prices advanced 1.0% or $63.5/MT to $6735.0/MT. Aluminium prices edged up 0.1% or $1.0/MT to $1802.0/MT. In the … Continue reading

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AUD/USD: Unemployment rate in Australia to remain elevated for the next two years, opines RBA’s Kent

AUDUSD Movement On Friday, the AUD weakened 0.30% against the USD to close at 0.9398. Data from Australia’s largest trading partner, China, showed that factory output in the nation rose 8.8% in May, in-line with market expectations, from a year … Continue reading

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AUD/USD: Aussie trading lower, following yesterday’s rise

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.48% against the USD to close at 0.9426. LME Copper prices rose 0.5% or $35.5/MT to $6725.0/MT. Aluminium prices declined 0.7% or $13.5/MT to $1822.0/MT. In the Asian … Continue reading

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AUD/USD: Australian employment unexpectedly fell in May while unemployment rate stood pat at 5.8%

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.10% against the USD to close at 0.9381. LME Copper prices eased 0.1% or $6.0/MT to $6689.5/MT. Aluminium prices shed 1.6% or $29.5/MT to $1835.5/MT. In the Asian … Continue reading

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AUD/USD: Consumer confidence in Australia rose in June, indicates Westpac

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.20% against the USD to close at 0.9372. LME Copper prices rose 0.4% or $28.0/MT to $6695.5/MT. Aluminium prices declined 0.3% or $5.5/MT to $1865.0/MT. In the Asian … Continue reading

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AUD/USD: Aussie continues to trade higher in the Asian session

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.16% against the USD to close at 0.9353. In a speech to bankers in the US, RBA Governor, Glenn Stevens, highlighted the need for swift sorting of regulations … Continue reading

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AUD/USD: Aussie trading higher this morning

AUDUSD Movement On Friday, the AUD strengthened marginally against the USD to close at 0.9337. LME Copper prices declined 2.1% or $139.5/MT to $6660.5/MT. Aluminium prices fell 0.6% or $11.5/MT to $1817.0/MT. In the Asian session, at GMT0300, the pair … Continue reading

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AUD/USD: Aussie trading above its MA’s

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.59% against the USD to close at 0.9332. LME Copper prices declined 0.5% or $35.0/MT to $6800.0/MT. Aluminium prices rose 1.8% or $32.0/MT to $1828.5/MT. In the Asian … Continue reading

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AUD/USD: Australia unexpectedly swung to a trade deficit in April

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.14% against the USD to close at 0.9277, buoyed by a more-than-expected rise in Australia’s first-quarter GDP. LME Copper prices declined 1.4% or $95.0/MT to $6835.0/MT. Aluminium prices … Continue reading

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AUD/USD: Australian GDP rose more than expectations in the first quarter

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.25% against the USD to close at 0.9264, as the RBA’s decided to keep its interest rate on hold at 2.5% in June. However, following the interest-rate decision, … Continue reading

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