AUD/USD: Westpac consumer confidence deteriorated to the lowest level in 10-months in March

AUDUSD Movement For the 24 hours to 23:00 GMT, the AUD weakened 0.65% against the USD to close at 0.8964, on concerns that the economic growth prospects of China, its biggest trading partner is dwindling after the nation witnessed its … Continue reading

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AUD/USD: Aussie reverses its losses in the Asian trading hours

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.39% against the USD to close at 0.9021, hurt by the latest batch of soft economic data from its largest trading partner, China. LME Copper prices fell 3.1% or … Continue reading

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

AUDUSD Movement On Friday, the AUD weakened 0.45% against the USD to close at 0.9063. LME Copper prices declined 1.8% or $124.0/MT to $6930.5/MT. Aluminium prices edged down 0.1% or $2.5/MT to $1729.5/MT. In the Asian session, at GMT0400, the … Continue reading

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AUD/USD: RBA Governor, Glenn Stevens reiterates a period of stability in interest rate

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 1.41% against the USD to close at 0.9104 as investors speculated that the Reserve Bank of Australia (RBA) was running out of options to curb the currency’s recent strength … Continue reading

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AUD/USD: Australian economy turning a corner, says RBA’s John Edwards

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.25% against the USD to close at 0.8979, on positive reaction to Australia’s upbeat fourth-quarter GDP data. LME Copper prices rose 1.0% or $67.5/MT to $7102.5/MT. Aluminium prices jumped … Continue reading

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AUD/USD: Australia’s GDP rose more than market estimates for the fourth quarter

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 0.8958. LME Copper prices rose marginally by $2.5/MT to $7035.0/MT. Aluminium prices advanced 0.7% or $12.5/MT to $1687.0/MT. In the Asian session, … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.22% against the USD to close at 0.8925. LME Copper prices declined 0.9% or $65.0/MT to $7032.5/MT. Aluminium prices fell 2.9% or $49.5/MT to $1674.5 /MT. In the Asian … Continue reading

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AUD/USD: Aussie trading below its MA’s

AUDUSD Movement On Friday, the AUD weakened 0.32% against the USD to close at 0.8931. On Saturday, a report from China, Australia’s largest trading partner, showed that the NBS manufacturing PMI edged down to a reading of 50.2 in February, … Continue reading

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AUD/USD: Aussie trading lower in the morning session

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD marginally weakened against the USD to close at 0.8960. LME Copper prices declined 0.8% or $54.0/MT to $7095.0/MT. Aluminium prices fell 1.1% or $19.0/MT to $1716.0/MT. In the Asian session, … Continue reading

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AUD/USD: Private capital expenditure in Australia declined the most in four years

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.54% against the USD to close at 0.8962, hurt by a decline in the activities of Australian construction sector in the fourth-quarter and a fall in iron-ore prices for … Continue reading

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

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.28% against the USD to close at 0.9011. LME Copper prices declined 0.2% or $15.0/MT to $7115.0/MT. Aluminium prices rose 0.5% or $9.0/MT to $1708.5/MT. In the Asian session, … Continue reading

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