AUD/USD: Continues its downtrend this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.89% against the USD to close at 1.0008. In the Asian session at 4:00GMT, the pair is trading at 1.0032, 0.24% lower from the New York session close. LME Copper prices … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: Australian economy unexpectedly lost jobs in February

For the 24 hours to 23:00 GMT, AUD strengthened 0.07% against the USD to close at 1.0098. In Australia, seasonally-adjusted unemployment rate declined to 5.0% in February, from 5.1% in January. Additionally, in the US, wholesale inventories rose by 1.1% … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: Aussie pressurized on the back of poor economic data

For the 24 hours to 23:00 GMT, AUD weakened 0.27% against the USD to close at 1.0091. In Australia, yesterday, consumer confidence fell by 2.4% (M-o-M) in March 2011 to reach 104.1 following a 1.9% rise in February; home loans … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: Australia Business Confidence Rises

For the 24 hours to 23:00 GMT, AUD weakened 0.37% against the USD to close at 1.0118. According to a monthly survey by The National Australia Bank, Australian business confidence rose to 14 points in February, from a reading of … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: AUD gives up Friday’s gains

For the 24 hours to 23:00 GMT, AUD strengthened 0.19% against the USD on Friday to close at 1.0149. In Australia, performance of construction index rose by 4.4 points to reach 44.6 in February 2011 from 40.2 in the previous … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: Witnessing flat trading this morning

For the 24 hours to 23:00 GMT, AUD weakened 0.31% against the USD to close at 1.0130. In the Asian session at 4:00GMT, the pair is trading at 1.0130, flat from the New York session close. LME Copper prices rose … Continue reading

Posted in AUD/USD | 1 Comment

AUD/USD: Trading steady amid mixed data

For the 24 hours to 23:00 GMT, AUD strengthened 0.38% against the USD to close at 1.0161. In Australia, the AiG Performance of Services Index rose by 3.2 points to reach 48.7 points in February 2011, from 45.5 in January. … Continue reading

Posted in AUD/USD | Leave a comment

AUD/USD: AUD drifts lower, GDP growth lower than expected

For the 24 hours to 23:00 GMT, AUD weakened 0.48% against the USD to close at 1.0123. Yesterday, Australia monetary policy makers kept the interest rate unchanged at 4.75%. In data this morning, new home sales rose by 2.5% in … Continue reading

Posted in AUD/USD | 1 Comment

Trading flat, despite positive data

For the 24 hours to 23:00 GMT, AUD weakened 0.04% against the USD to close at 1.0172. In Australia, seasonally adjusted estimate for retail sales grew by 0.4% (M-o-M) in January 2011, reaching an amount of A$ 20.44 billion in … Continue reading

Posted in AUD/USD | Leave a comment

Lower on broad dollar strength

For the 24 hours to 23:00 GMT, AUD strengthened 0.70% against the USD on Friday to close at 1.0176. In Australia, the total credit provided to the private sector by financial intermediaries rose by 0.3% (M-o-M) in January 2011, following … Continue reading

Posted in AUD/USD | Leave a comment

Marginally lower this morning

For the 24 hours to 23:00 GMT, AUD strengthened 0.84% against the USD to close at 1.0105. In the US, initial jobless claims fell to 391,000 in the week ending on February 19, and continuing jobless claims to 3.79 million. … Continue reading

Posted in AUD/USD | Leave a comment