Bell FX Currency Outlook: The Australian Dollar is slightly weaker this morning after a mildly negative night in offshore markets.
Wednesday proved uneventful for the Aussie dollar as the up-tick in investor optimism following Spain’s successful bond auction on Tuesday, ran out of steam.
Recent intermittent bounces in EURUSD in the face of surging Eurozone spreads are said to be reflecting possible liquidation by European banks unloading US assets to relieve an ensuing shortage of US dollars. Other explanations were attributed to the IMF buying Irish and Portuguese bailout tranches during the late European trading hours, taking advantage of cheaper levels (lowest since Feb 15). But as long as traders find no confidence in battling the coordinated efforts of asset-buying central ...
Bell FX Currency Outlook: The AUD is stronger this morning, currently trading at USD1.0400, after a better than expected result for the Spanish bill auction overnight saw equity markets rise and risk appetite return to the market.
The Reserve Bank of Australia released the minutes of is April monetary policy meeting yesterday and as markets predicted the overall tone was on the dovish side.
Bell FX Currency Outlook: The Australian Dollar is trading relatively unchanged this morning from yesterday's levels following a choppy night of trading with equities mixed, US Treasuries little changed and upward pressure on European bond yields.
The Australian Dollar fell from opening levels above 1.0370 yesterday as renewed concerns surrounding the European debt crisis weighed on local share markets
Bell FX Currency Outlook: The Australian Dollar retraced during Friday night's trading after China's Q1 GDP data disappointed the market with an increase of 8.1% yoy and has opened in the mid 1.0300's this morning.
The Australian Dollar fell from 10 day highs on Friday as a deceleration in the growth of the Chinese economy spooked investors.
Bell FX Currency Outlook: Positive economic sentiment out of the US and China, coupled with strong domestic jobs data, has seen the AUD surge higher and open back above USD1.0400 this morning.
The Australian jobs market created 44,000 jobs in the month of March, smashing market expectations by a whopping 37,600 and hence allowing the unemployment rate to remain steady at 5.2%.
Bell FX Currency Outlook: A turnaround in market sentiment overnight has seen the AUD rally to back above USD1.0300.
A subsiding of recent risk aversion has boosted the Australian Dollar over the past 24 hours, as rumours circulate the European Central Bank may look to purchase Spanish bonds and the beginning of earnings season in the United States supports equity markets.
The Australian dollar lost some solid ground against its US Counterpart in overnight trade with a sense of normality returning to markets following the Easter Long weekend.
Bell FX Currency Outlook: The AUD is unchanged after the Easter break despite some weaker than expected US payrolls data which was released during Friday's offshore trading session.
U.S. stocks started the week with a sharp loss after Friday's worse-than-expected jobs data cast doubt on the pace of the labor market's recovery.
In a fairly uneventful past 4 days the majority of local markets have remained closed given the Easter long weekend.
The Australian dollar fell against its US Counterpart yesterday after the Nations Trade Balance unexpectedly posted a $480m deficit in February.
Bell FX Currency Outlook: The Australian dollar fell to a 3 month low against the USD overnight as investors once again sold out of higher yielding assets.
The Australian dollar fell against its US Counterpart yesterday after the Nations Trade Balance unexpectedly posted a $480m deficit in February.
Bell FX Currency Outlook: The Australian dollar has opened lower this morning, to be currently trading around USD1.0320, and looks like it may break below USD1.0300 during our trading session today.
In an eventful day of trading yesterday Australia’s Central Bank kept its benchmark interest rate unchanged at 4.25 percent whilst Australian Retail Sales also matched the majority of forecast advancing 0.2 percent for the month of February.
Bell FX Currency Outlook: The AUD is slightly higher this morning after some positive data out of the US and the UK boosted investor optimism.
In a frantic start to the week The Australian dollar rallied upon opening yesterday after data over the weekend showed manufacturing PMI figures out of China comfortably beat expectation.
The Australian dollar continued its recent slide for much Friday’s session trading as a low as 1.0341 against its US Counterpart.
The Australian dollar dropped against most its 16 major counterparties yesterday after Treasurer Wayne Swan said that in order for the government to meet its budget surplus pledge, further spending cuts will be required.
Bell FX Currency Outlook: The Australian Dollar continues to be pressured this morning and is trading at new session lows against the US Dollar and major currencies.
The Australian dollar gave up ground against most of the other major currencies overnight as speculation grows that that RBA may move to cut official interest rates next month.
The Australian Dollar opens noticeably lower on Thursday against its US counterpart at 1.0391.
In Australia, the Reserve Bank releases the Financial Stability Review. In the US, data on durable goods orders is released.
