Australia’s Dollar Trades Within One U.S. Cent of Parity

Australia’s dollar traded near parity with the greenback on prospects the central bank will raise policy rates to temper inflation, boosting the extra yield offered by the nation’s bonds over similar-maturity U.S. debt. Australia’s currency climbed to 99.24 U.S. cents today before a government report tomorrow that economists said will show consumer price inflation stayed [...]

FX Thoughts for the Day

EURO, JAP YEN and EURO-YEN ————————— Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering at http://www.kshitij.com/fxthoughts/fxthoughts.shtml#register Our comments on Dollar-Swiss, Sterling Pound and Australian Dollar are given below ————————————————————- USD-CHF @ 1.1209/12…Range: 1.1170-1.1360 ——————————— R: 1.1310 / 1.1360-62 / 1.1409-29 S: 1.1170 / 1.1133-30 / Read more….

Australian Dollar Poised to Break 0.7300 Against US Dollar (Daily FX via Yahoo! Finance)

Continued rallies in global risky asset classes left the Australian Dollar higher against the US and New Zealand Dollars to end the week’s trade. Overall momentum favors further Aussie Dollar appreciation, and we believe that a break of 0.7300 is likely. Read more….

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

Euro, British Pound, Australian Dollar All to Face Rate Decisions – Who Will Cut? (Daily FX via Yahoo! Finance)

The euro, British pound, and Australian dollar will encounter rate decisions from the European Central Bank, Bank of England, and Reserve Bank of Australia this coming week, but only one is expected to reduce rates. Read more….

Australian Dollar Heads for 9th Weekly Advance; N.Z.’s Slips (Bloomberg)

May 1 (Bloomberg) — The Australian dollar was little changed, set for its ninth weekly gain, the longest winning streak since December 2003, as rising global equities spurred optimism the world slump is easing. New Zealand’s dollar fell. Read more….

Australian Dollar Heads for 9th Weekly Advance; N.Z.’s Slips (Bloomberg)

May 1 (Bloomberg) — The Australian dollar rose, set for its ninth weekly gain, the longest winning streak since December 2003, as rising global equities spurred optimism the world slump is easing. New Zealand’s dollar was little changed. Read more….

Australian, New Zealand Dollar Coming Off 9-Year High (Daily FX)

Australian Dollar price action has hit highs seen at the start of this past March and in July of 2008 against its New Zealand counterpart (Chart 1). A wider perspective reveals that these exchange rate levels are at highs last seen in late-2000 (Chart 2). Read more….

Australian dollar soars to new multi-month high against US currency (INO News)

(RTTNews) – During early European deals on Thursday, the Australian dollar rose to a new multi-month high against the US currency as a rise in stock prices boosted demand for higher-yielding currencies. Read more….

Australian dollar jumps to 5-day high against yen and greenback (INO News)

(RTTNews) – The Australian currency extended its recent rally against its major counterparts on Wednesday morning in New York. The aussie climbed to a 5-day high of 0.7231 against the greenback and 70.10 versus the Japanese yen by 10:30 am ET. The Australian dollar also advanced to 1.8352 against the euro by this time. Read [...]

Australian dollar rises to 2-day high against euro (INO News)

(RTTNews) – Australian dollar advanced to a 2-day high of 1.8339 against the euro by 10:40 am ET, compared to 1.8625 hit late New York Tuesday. On the upside, the aussie may likely find target near the 1.829 and the pair is presently quoted at 1.8347. Read more….

N.Z. Dollar Rebounds on Export Data; Australian Dollar Gains (Bloomberg)

April 29 (Bloomberg) — The New Zealand dollar rebounded after a government report showed exports rose in March more than economists expected. Australia’s dollar also advanced. Read more….

Australian dollar edges higher against majors (INO News)

(RTTNews) – The Australian dollar firmed up against its major counterparts in the early Asian session on Wednesday. Read more….

Australian dollar hits 4-week low vs yen (Reuters via Yahoo! Singapore News)

TOKYO, April 28 (Reuters) – The Australian dollar fell 0.7 percent against the yen on Tuesday to its lowest in four weeks as concerns about the spread of a new strain of flu prompted investors to close positions in riskier currencies. Read more….

Australian dollar plunges to multi-week lows against yen and Canadian dollar (INO News)

(RTTNews) – The Australian dollar extended its yesterday’s downtrend against other major rivals in early Asian trading on Tuesday. The aussie plunged to multi-week lows against the Japanese yen and the Canadian dollar and a 6-day low against the US dollar. Read more….

Australian dollar ticks down against major rivals (INO News)

(RTTNews) – The Australian dollar extended Monday’s New York trading’s uptrend against its major counterpart during early Asian trading on Tuesday. As of now, the Aussie is trading near new multi-day lows of 0.8618 against the loonie, 68.23 versus the yen and 0.7070 against the US dollar. Read more….

Australian dollar hits 4-week low vs yen (Reuters via Yahoo! Asia News)

TOKYO, April 28 (Reuters) – The Australian dollar fell 0.7 percent against the yen on Tuesday to its lowest in four weeks as concerns about the spread of a new strain of flu prompted investors to close positions in riskier currencies. Read more….

Australian Dollar Recovers From Multi-day Lows Against Majors

In early European deals on Monday, the Australian dollar reversed its Asian session’s loss against other major currencies. The aussie thus recovered from a 4-day low against the greenback, 5-day low against the yen, 6-day low against the loonie and a 1-week low against the euro. Read more….

Australian Dollar to Advance Versus N.Z.’s on Rates, RBC Says (Bloomberg)

April 27 (Bloomberg) — The Australian dollar will advance against New Zealand’s as Japanese investors favor the larger nation’s currency when buying assets abroad in search of greater yields, RBC Capital Markets said today in a note to clients. Read more….

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