AUD/USD: Australia’s Q3 GDP disappoints

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.16% against the USD to close at 0.9132. LME Copper prices declined 0.9% or $63.5/MT to $ 6945.0/MT. Aluminium prices declined 0.3% or $4.5/MT to $ 1695.0/MT. In the … Continue reading

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AUD/USD: RBA keeps rates on hold

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.07% against the USD to close at 0.9117. LME Copper prices declined 0.3% or $18.5/MT to $7008.5/MT. Aluminium prices declined 0.7% or $11.5/MT to $1699.5/MT. In the Asian session, … Continue reading

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AUD/USD: Aussie trading above its MA’s

AUDUSD Movement On Friday, the AUD strengthened 0.32% against the USD to close at 0.9108. LME Copper prices rose 0.6% or $39.0/MT to $7027.0/MT. Aluminium prices advanced 0.6% or $10.0/MT to $1711.0/MT. In the Asian session, at GMT0400, the pair … 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 0.07% against the USD to close at 0.9079. LME Copper prices declined 0.9% or $63.5MT to $6988.0/MT. Aluminium prices fell 1.2% or $20.0/MT to $1701.0/MT. In the Asian session, … Continue reading

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AUD/USD: Australia’s private sector expenditure unexpectedly rose in the third quarter

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.41% against the USD to close at 0.9082. The US Dollar gained traction, after the latest batch of upbeat economic releases from the US shifted speculations to an earlier-than-expected … Continue reading

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AUD/USD: Australia’s construction work surged 2.7% in the third quarter

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 0.80% against the USD to close at 0.9122. LME Copper prices rose marginally by $3.5/MT to $7071.0/MT. Aluminium prices gained 0.1% or $1.0/MT to $1735.0/MT. In the Asian session, … Continue reading

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AUD/USD: RBA could intervene currency markets but the threshold for intervention remains high, hints Deputy Governor, Philip Lowe

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.34% against the USD to close at 0.9196. LME Copper prices rose marginally by $2.0/MT to $7067.5/MT. Aluminium prices declined 0.7% or $13.0/MT to $1734.0/MT. In the Asian session, … Continue reading

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AUD/USD: Aussie trading tad lower ahead of RBA Deputy Governor, Philip Lowe’s speech

AUDUSD Movement On Friday, the AUD weakened 0.74% against the USD to close at 0.9160. LME Copper prices rose 1.1 % or $73.5/MT to $7065.5/MT. Aluminium prices advanced 1.0% or $16.5/MT to $1747.0/MT. In the Asian session, at GMT0400, the … Continue reading

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AUD/USD: RBA could intervene to counter Aussie’s strength: Glenn Stevens

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.07% against the USD to close at 0.9230, after the Reserve Bank of Australia (RBA) Governor, Glenn Stevens highlighted the possibility for the central bank to intervene in the … Continue reading

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AUD/USD: Aussie 10% overvalued, indicates IMF

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD weakened 1.17% against the USD to close at 0.9331. The US Dollar advanced against the Aussie, after the minutes from the Fed’s latest policy meeting hinted a pull back in … Continue reading

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AUD/USD: Fed tapering would be good news for A$, indicates RBA Assistant Governor

AUDUSD Movement For the 24 hours to 23:00 GMT, AUD strengthened 0.80% against the USD to close at 0.9443, amid speculation that the US Federal Reserve won’t start trimming stimulus this year, after Fed Chairman, Ben Bernanke’s dovish speech. LME … Continue reading

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