Markets

Fed rate cut speculation pushes the Aussie dollar to a 3-week high

The AUD/USD rose to a three-week high on Monday. Weak economic data and dovish commentary from a senior US Federal Reserve member saw US bond yields tumble, dragging the greenback lower. Markets are now pricing in two 25 basis point Fed rate cuts this year. The RBA will almost certainly […]
Fed rate cut speculation pushes the Aussie dollar to a 3-week high
Markets

The Australian dollar eases lower in another quiet day for currency markets

The Australian dollar eased lower in quiet trade on Thursday. There was little reaction to weak Australian economic data nor dovish remarks from a senior US Federal Reserve official. Chinese manufacturing PMI and Australian private sector credit are the main data highlights in Asia on Friday. Core PCE inflation for […]
The Australian dollar eases lower in another quiet day for currency markets
Markets

The Australian dollar remains trapped in a narrow trading range

The Australian dollar continues to trade in a narrow trading range just under US70 cents. Most of the main data events in Asia will come from New Zealand on Wednesday. The Bank of Canada will announce its May interest rate decision. No change in policy is expected. The Australian dollar […]
The Australian dollar remains trapped in a narrow trading range
Markets

The Australian dollar is treading water as China’s currency stabilises

The Australian dollar was quiet on Wednesday, finishing mixed against the major crosses. Australian economic data released during the session was weak and trade tensions between China and the United States flared again, but markets largely ignored it. The Aussie’s movements were largely reflective of those in the Chinese yuan. […]
The Australian dollar is treading water as China’s currency stabilises
Markets

The Australian dollar spikes following the Coalition’s shock election victory, but not everyone is convinced the rally will last

The Australian dollar has spiked following Australia’s shock election outcome over the weekend. However, early gains are already slowly being whittled away ahead of a key speech from RBA Governor Philip Lowe on Tuesday. US-Sino trade headlines will continue to dictate broader market sentiment on Monday. The Australian dollar has […]
The Australian dollar spikes following the Coalition’s shock election victory, but not everyone is convinced the rally will last
Markets

The Australian dollar slides to new lows as RBA rate cut expectations increase

The Australian dollar continues to slide, closing at fresh three-year lows against the greenback. A surprise lift in Australia’s unemployment rate in April has seen expectations for a RBA rate cut next month increase substantially. US data was also stronger-than-expected on Thursday, helping the greenback to rally against all the […]
The Australian dollar slides to new lows as RBA rate cut expectations increase
Markets

The Australian dollar sits near multi-year lows ahead of key economic data

The Australian dollar remains pressured despite a modest improvement in investor risk appetite. US President Donald Trump offered a more conciliatory tone on trade talks with China during Tuesday’s trading session, helping to spark a modest rebound in stocks and commodities. Currency markets were less enthusiastic. Australia’s Q1 wage price […]
The Australian dollar sits near multi-year lows ahead of key economic data
Markets

The Australian dollar tumbles as China escalates the trade war

The Australian dollar fell heavily on Monday as China announced retaliatory tariffs on US imports. There’s some speculation the Chinese move won’t be the last in the trade war. Chinese stocks and the Chinese yuan were hit hard during the session. They’ll likely be influential on broader investor sentiment in […]
The Australian dollar tumbles as China escalates the trade war