FOREX

In minutes released from the Reserve Bank of Australia’s most recent meeting in which interest rates were left on hold Governor Glenn Stevens remained relatively upbeat in regards to Australia’s economic outlook stating that downside risks have become somewhat less likely during the early parts of this year.

Bell FX Currency Outlook: The AUD has opened this morning below USD1.0500 after reaching a level above USD1.0600 yesterday after the RBA's March meeting minutes were released.

The Australian Dollar remained well supported above the 1.05 handle against its US Counterpart on Friday with local equities closing flat in what was an overall very subdued day of trade.

Bell FX Currency Outlook: The Australian dollar has opened this morning just over 1.0600 after equity markets had a strong run last week and successfully pushed the AUD higher once more.

The recent rally in the Greenback seems to have lost steam yesterday, as markets consolidate upon what was quite a rapid gain.

Bell FX Currency Outlook: The Australian dollar has recovered ground trading back above USD1.0500 this morning as global share markets continue to rally.

The Australian Dollar dropped to lows of 1.0430 overnight as the US Dollar continues its surge on encouraging economic data.

Bell FX Currency Outlook: The Australian Dollar is slightly weaker following the release of better than expected American retail sales, a positive announcement from JP Morgan and comments from the US Federal Reserve about the US economy.

The Australian Dollar rallied during local hours yesterday, as regional equity markets rallied an average of 1% across the board.

Bell FX Currency Outlook: Overnight the Australian Dollar fell below USD1.0500 as a fall in commodity prices dragged our local currency to a seven week low.

Bell FX Currency Outlook: Aussie slips against the US$ on the back of Greece reaching a solution which Bell FX Currency Outlook: Aussie slips against the US$ on the back of Greece reaching a solution which has averted a technical default.

The Australian dollar has bounced from the low USD1.0500's yesterday to open in the mid USD1.0600's this morning after more than 80% of the private sector Greek bondholders have accepted to swap their holdings.

In figures released yesterday Australia’s unemployment rate rose to 5.2 percent in February as companies across the nation shed more than 15 000 workers.

Bell FX Currency Outlook: The Australian dollar has recovered a little from yesterday's lows with our next move likely to be determined by today's release of Australian employment numbers for February.

The Australian dollar has recovered a little from yesterday’s lows with our next move likely to be determined by today’s release of Australian employment numbers for February.

The Australian Dollar fell against its US Counterpart during intraday trade yesterday after figures released showed Australia’s economy expanded at half the pace forecasted by economists.

Bell FX Currency Outlook: The AUD has been sold off overnight, trading down to a low of USD 1.0525.

Global market trades have gone awry overnight that might cascade negative sentiments to the local market on Wednesday.

The Euro zone economy contracted by 0.3pct in the December quarter but annual growth still stands at 0.7pct.

Australia’s Central Bank as expected maintained the official benchmark cash rate at 4.25 percent in a statement released yesterday.

U.S. stocks were on pace for their biggest decline this year, hurt by soft readings on global economic growth and concern over a looming deadline for Greece's bond swap with private bondholders.

In official figures released yesterday, company gross operating profits fell a staggering 6.5 percent in the December quarter, well below the majority of forecasts which had tipped inventories to rise by 0.2 percent.

Bell FX Currency Outlook: The AUD has opened below USD1.0700 this morning, currently trading at USD1.0670, as a downgrade in Chinese growth forecast sees a fall in commodity prices that could also result to a decline in the value of the AUD.

The ISM index for New York rose from 536.5 to 543.1 in February. And the weekly Economic Cycle Research Institute index rose from 123.2 to a near seven month high of 124.2.

Given the apparent lack of direction across markets on Friday the Australian Dollar struggled to keep its head above water during the domestic session.

Bell FX Currency Outlook: The Australian dollar has opened this morning on the mid 1.0700's after a fairly narrow trading range on Friday evening.

The US ISM manufacturing survey surprised negatively in February dropping from 54.1to 52.4.

New building approvals decreased by 0.9% in January, falling short of market expectations of 2.1% and causing the Australian Dollar to dip 20 points on the news.

Bell FX Currency Outlook: In a quiet session overnight, the Australian Dollar held yesterday's gains as local financial markets await a raft of economic data to be released today and the all-important release of the European Central Bank's second round of Quantitative Easing.