AUD/USD: RBA keeps room for rate cut if Australian economy deteriorates

For the 24 hours to 23:00 GMT, AUD weakened 0.60% against the USD to close at 1.0475. LME Copper prices declined 1.3% or $107.5/MT to $8292.8/MT. Aluminium prices declined 0.7% or $15.0/MT to $2161.8/MT. In the Asian session, at GMT0300, … Continue reading

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AUD/USD: Aussie trading lower after Friday’s rise

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.12% against the USD to close at 1.0558, as the greenback continued to remain under pressure after the Federal Reserve on Thursday announced plans to stimulate the US economy. … Continue reading

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AUD/USD: Greenback continues its fall in the Asian session

For the 24 hours to 23:00 GMT, AUD strengthened 0.79% against the USD to close at 1.0545. In the US, initial jobless claims jumped by 15,000 to a seasonally adjusted 382,000 in the week ended September 8, compared to the … Continue reading

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AUD/USD: Aussie continues its rally this morning

For the 24 hours to 23:00 GMT, AUD strengthened 0.29% against the USD to close at 1.0462. LME Copper prices rose 0.3% or $20.5/MT to $8100.3/MT. Aluminium prices rose 0.8% or $17.3/MT to $2074.3/MT. In the Asian session, at GMT0300, … Continue reading

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AUD/USD: Aussie higher after consumer sentiment index rose in Australia

For the 24 hours to 23:00 GMT, AUD strengthened 0.89% against the USD to close at 1.0432. The Chinese Premier, Wen Jiabao, stated that the nation’s economy “was showing signs of stabilizing” and would likely to meet the 7.5% growth … Continue reading

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AUD/USD: Aussie trading higher after yesterday’s fall

For the 24 hours to 23:00 GMT, AUD weakened 0.29% against the USD to close at 1.0340. LME Copper prices rose 2.8% or $188.0/MT to $ 8031.8/MT. Aluminium prices rose 2.2% or $44.0/MT to $ 2031.8/MT. In the Asian session, … Continue reading

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AUD/USD: Trading lower in the Asian session

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 1.16% against the USD to close at 1.0397. LME Copper prices rose 2.3% or $173.5/MT to $xxxx.x/MT. Aluminium prices rose 1.3% or $25.3/MT to $1987.8/MT. In the Asian session, … Continue reading

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AUD/USD: Australia trade deficit widened in July

For the 24 hours to 23:00 GMT, AUD strengthened 0.83% against the USD to close at 1.0278. LME Copper prices rose 0.8% or $64.0/MT to $7670.3/MT. Aluminium prices rose 1.8% or $34.8/MT to $1962.5/MT. In the Asian session, at GMT0300, … Continue reading

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AUD/USD: Unemployment rate in Australia fell to 5.1% in August

For the 24 hours to 23:00 GMT, AUD weakened 0.20% against the USD to close at 1.0193. LME Copper prices declined 0.4% or $34.0/MT to $7606.3/MT. Aluminium prices rose marginally or $0.5/MT to $1927.8/MT. In the Asian session, at GMT0300, … Continue reading

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AUD/USD: Australian economy grew 0.6% (QoQ) in Q2

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0213. Yesterday, the Reserve Bank of Australia kept its key interest rate unchanged at 3.50%, in line with market expectations. LME Copper prices declined … Continue reading

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AUD/USD: Trading flat ahead of RBA rate decision

For the 24 hours to 23:00 GMT, AUD weakened 0.51% against the USD to close at 1.0241, following weak Australian retail sales data and after China’s manufacturing sector slumped to a nine-month low in August. LME Copper prices rose 1.0% … Continue reading

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