AUD/USD: Aussie trading below its MA’s

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.21% against the USD to close at 0.9397, buoyed Australia’s strong employment data for March. LME Copper prices rose 0.1% or $7.0/MT to $6637.5/MT. Aluminium prices jumped 3.5% or … Continue reading

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AUD/USD: Unemployment rate in Australia fell to 5.8%

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.30% against the USD to close at 0.9377. LME Copper prices declined 0.3% or $21.5/MT to $6630.5/MT. Aluminium prices rose 0.4% or $6.5/MT to $1791.5/MT. In the Asian session, … 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, AUD strengthened 0.88% against the USD to close at 0.9348. Yesterday, the IMF opined that due to subdued investment in Australia’s mining sector, economic growth in the nation is expected to … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 0.9266. Yesterday, the Reserve Bank of Australia reported that foreign reserve rose to A$ 62.2 billion in March, compared to a reserve … Continue reading

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AUD/USD: Aussie pares its gains in the morning session

AUDUSD Movement On Friday, the AUD strengthened 0.60% against the USD to close at 0.9288. LME Copper prices rose 1.1% or $71.0/MT to $6677.0/MT. Aluminium prices advanced 1.5% or $27.5/MT to $1810.0/MT. In the Asian session, at GMT0300, the pair … Continue reading

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AUD/USD: Aussie pares its losses in the morning session

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.15% against the USD to close at 0.9233, hurt by soft Australian retail sales and Chinese service PMI data. Yesterday, the PBOC stated that the domestic price levels in … Continue reading

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AUD/USD: Australian economy to face shortage of workers than jobs, says RBA Chief, Glenn Stevens

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD strengthened 0.10% against the USD to close at 0.9247. Late yesterday, the Australian Industry Group (AiG) reported that performance of its service index for Australia fell to a reading … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.32% against the USD to close at 0.9238, after the RBA indicated that the recent strength in the Aussie could hamper Australia’s economic growth. LME Copper prices edged down … Continue reading

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AUD/USD: RBA kept its interest rate unchanged at 2.5%

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD rose 0.11% against the USD to close at 0.9268. Late yesterday, a report from Australia showed that the AiG performance of manufacturing index decline to a reading of 47.9 in … Continue reading

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

AUDUSD Movement On Friday, the AUD weakened 0.18% against the USD to close at 0.9252. LME Copper prices rose 1.3% or $86.0/MT to $6667.0/MT. Aluminium prices advanced 1.6% or $27.0/MT to $1709.5/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, AUD strengthened 0.51% against the USD to close at 0.9269, as the RBA Governor, Glenn Steven’s optimistic comments on the economy, made earlier during the week, continued to support the demand … Continue reading

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