For the 24 hours to 23:00 GMT, AUD weakened 0.25% against the USD to close at 1.0680, on positive developments about the Greece debt restructuring, despite poor Australian economic data. In Australia, the gross domestic product, on quarterly basis, declined … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened marginally against the USD to close at 1.0707. In Australia, the current account deficit decreased to A$10.4 billion in the first quarter of 2011 from a deficit of A$8.1 billion in … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.79% against the USD, on Friday, to close at 1.0706, as commodity prices rose. In Australia, the new home sales rose 0.2% (M-o-M) in April from 4.3% in March. The gross … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0622, after the government report showed increase in business investment. The government statistics agency stated that Australian capital spending climbed 3.4% in the three … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.20% against the USD to close at 1.0534. In Australia, the Australian private capital expenditure index, on quarterly basis, rose by 3.4% in the first quarter of 2011, following 1.3% increase … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.53% against the USD to close at 1.0555, as a rally in commodities and stocks boosted demand for higher-yielding assets. In Australia, the Westpac leading index remained at 0.5% March from … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 1.26% against the USD to close at 1.0499, amid poor Chinese manufacturing data. The Chinese HSBC manufacturing purchasing manager’s index declined to 51.1 in May from 51.8 in April. In the … Continue reading →

For the 24 hours to 23:00 GMT, AUD weakened 0.08% against the USD, on Friday, to close at 1.0657, after concerns increased that Europe’s debt crisis would worsen. In the Asian session at 3:00GMT, the pair is trading at 1.0583, … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.37% against the USD to close at 1.0666. In the US, for the week ended 14 May 2011, initial jobless claims fell to 409,000, compared to the previous week’s revised figure … Continue reading →

For the 24 hours to 23:00 GMT, AUD traded flat against the USD to close at 1.0627. Australia’s four largest banks’ credit ratings were cut one level to Aa2 by Moody’s Investors Service on concern their reliance on wholesale debt … Continue reading →

For the 24 hours to 23:00 GMT, AUD strengthened 0.55% against the USD to close at 1.0628. Poor US economic data released overnight assisted the Australian dollar to move higher. In Australia, the Westpac consumer confidence fell 1.3% in May … Continue reading →