For the 24 hours to 23:00 GMT, AUD weakened 1.31% against the USD to close at 0.8952, as traders continue to bet that Reserve Bank of Australia (RBA) would cut interest rates, thus curbing demand for the Aussie. LME … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 1.40% against the USD to close at 0.9071, amid disappointing Australian building permits data for June and dovish comments by the Reserve Bank of Australia (RBA) Governor. LME Copper prices declined … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.57% against the USD to close at 0.9200. LME Copper prices declined 0.7% or $45.0/MT to $6860.5/MT. Aluminium prices declined 0.1% or $1.5/MT to $1760.0/MT. In the Asian session, at GMT0300, … Continue reading →

On Friday, the AUD strengthened 0.26% against the USD to close at 0.9260. LME Copper prices declined 0.3% or $22.0/MT to $6905.5/MT. Aluminium prices declined 1.3% or $23.0/MT to $1761.5/MT. In the Asian session, at GMT0300, the pair is trading … Continue reading →

  For the 24 hours to 23:00 GMT, AUD strengthened 1.13% against the USD to close at 0.9236. The greenback came under pressure, as disappointing initial jobless claims data in the US prompted traders to shun the safe haven currency. … Continue reading →

For the 24 hours to 23:00 GMT, AUD dropped 1.65% against the USD to close at 0.9133, following the release of soft second-quarter inflation data from Australian and dismal manufacturing PMI data in China, Australia’s largest trading partner. LME Copper … Continue reading →

  For the 24 hours to 23:00 GMT, AUD rose 0.32% against the USD to close at 0.9287. LME Copper prices declined 0.3% or $19.0/MT to $6961.0/MT. Aluminium prices rose 0.4% or $7.0/MT to $1801.5/MT. In the Asian session, at … Continue reading →

  For the 24 hours to 23:00 GMT, AUD strengthened 0.39% against the USD to close at 0.9257. The Aussie continued to gain support following decision late last week by officials in China, Australia’s biggest trading partner, to scrap a … Continue reading →

On Friday, the AUD strengthened 0.16% against the USD to close at 0.9195. Late on Friday, the People’s Bank of China announced that it would remove the lower limit on interest rates for banks, in an effort to help lenders … Continue reading →

  For the 24 hours to 23:00 GMT, AUD weakened 0.61% against the USD to close at 0.9180, after China’s Finance Minister, Lou Jiwei, indicated that the “large-scale fiscal stimulus” measures won’t be used this year in China, re-igniting fears … Continue reading →

  For the 24 hours to 23:00 GMT, AUD weakened 0.11% against the USD to close at 0.9236, following the Federal Reserve Chairman’s remarks that the tapering of US economic stimulus is not a preset path. LME Copper prices declined … Continue reading →