For the 24 hours to 23:00 GMT, AUD weakened 1.01% against the USD to close at 1.0256, after the Reserve Bank of Australia (RBA) cut interest rates a three-year low of 3.25% and left the door open for more easing. … Continue reading →

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0354. In the US, the Federal Reserve Chairman, Ben Bernanke, stated that he is confident the US economy would continue to expand but added … Continue reading →

For the 24 hours to 23:00 GMT on Friday, the AUD weakened 0.61% against the USD to close at 1.0374. LME Copper prices rose 1.1% or $93.0/MT to $8267.0/MT. Aluminium prices rose 1.3% or $26.0/MT to $2093.8/MT. Over the weekend, … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.75% against the USD to close at 1.0449. In the US, initial claims for unemployment fell by down 26,000 to 359,000 for the week ended September 22, making it the lowest … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.12% against the USD to close at 1.0374. LME Copper prices declined 1.3% or $105.0/MT to $8130.3/MT. Aluminium prices declined 1.0% or $20.0/MT to $2048.5/MT. In the Asian session, at GMT0300, … Continue reading →

  For the 24 hours to 23:00 GMT, AUD weakened 0.58% against the USD to close at 1.0360, as investors shifted from higher-risk currencies, after Philadelphia Federal Reserve President, Charles Plosser said that the Fed’s new bond-buying program may not … Continue reading →

  For the 24 hours to 23:00 GMT, AUD weakened 0.24% against the USD to close at 1.0421, as optimism related to recent announcements of monetary easing by world central banks was overshadowed by ongoing uncertainty over whether Spain will … Continue reading →

For the 24 hours to 23:00 GMT on Friday, the AUD strengthened 0.06% against the USD to close at 1.0443. LME Copper prices rose 1.0% or $80.8/MT to $8281.8/MT. Aluminium prices declined 0.1% or $2.3/MT to $ 2093.3/MT. In the … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.36% against the USD to close at 1.0437, as risk sentiment came under pressure following weak Chinese manufacturing data and amid sustained Euro-zone debt concerns. LME Copper prices declined 1.5% or … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.33% against the USD to close at 1.0475. Yesterday, the rating agency, Standard & Poor’s affirmed Australia’s AAA rating with a stable outlook, citing nation’s economic prospects remain favorable. However, the … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.32% against the USD to close at 1.0441, after the Reserve Bank of Australia (RBA) hinted that it could cut rates if there was a “significant deterioration” in its outlook for … Continue reading →