For the 24 hours to 23:00 GMT, AUD strengthened 0.03% against the USD to close at 1.0242. LME Copper prices declined 0.7% or $53.5/MT to $7635.5/ MT. Aluminium prices rose marginally or $0.3/MT to $1861.5/ MT. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT on Friday, AUD strengthened 0.76% against the USD to close at 1.0221. Over the weekend, Chinese, Premier, Wen Jiabao, stated efforts to stabilize the economy are working and government is ready for more … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.98% against the USD to close at 1.0144, after official data showed that Australia’s economy shed 27,000 jobs in June, disappointing expectations for a 200 increase and following a 27,800 rise … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.60% against the USD to close at 1.0244. LME Copper prices rose 0.4% or $30.3/MT to $7525.3/ MT. Aluminium prices rose 0.9% or $17.3/MT to $1872.3/ MT. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0183. Yesterday, the Chinese Premier, Wen Jiabao, stated that the stabilising growth was a “top priority” and authorities would encourage more investment in China. … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.04% against the USD to close at 1.0209. LME Copper prices declined 1.0% or $77.3/MT to $7520.3/ MT. Aluminium prices declined 0.6% or $11.3/MT to $1876.3/ MT. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT on Friday, AUD weakened 0.55% against the USD to close at 1.0220. LME Copper prices declined 2.1% or $163.5/MT to $7597.5/ MT. Aluminium prices declined 1.4% or $26.8/MT to $1887.5/ MT. Over the … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.06% against the USD to close at 1.0277. In China, the People’s Bank of China surprisingly cut its main lending rate to 6.00% and reduced its deposit rate to 3.00%, stating … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.13% against the USD to close at 1.0271. LME Copper prices declined 1.1% or $82.3/MT to $7695.3/ MT. Aluminium prices rose 1.0% or $19.3/MT to $1.0%/ MT. In the Asian session, … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.40% against the USD to close at 1.0284, after Reserve Bank of Australia (RBA) kept its benchmark interest rate steady at 3.5%, in line with the market expectation. LME Copper prices … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.01% against the USD to close at 1.0243. LME Copper prices rose 0.6% or $43.0/MT to $7647.3/ MT. Aluminium prices rose 1.8% or $32.5/MT to $1866.8/ MT. In the Asian session, … Continue reading →