AUD News 

AUD/USD falls to the lowest since July on more dovish talk

“The Australian dollar falls under 0.78 and probably in order to stay there” writes Yohay’s Google Profile for forexcrunch.com. They relate to the drop in retail sales and say that households have reached “crunch time”.This comes on top of a disappointing read on retail sales yesterday: a big drop of 0.6%, far worse than a rise of 0.3% that was expected. Source: forexcrunch.com Share This:

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AUD News Regulators 

AUD/USD advanced on jobs, Fed minutes – 0.80 in play?

“The Australian jobs report is the main driver, but also the weakness of the US dollar contributes” writes Yohay’s Google Profile for forexcrunch.com. Australia’s jobs report was mostly positive.Over 20K full-time jobs were lost while part time jobs are up over 48K. This is a mirror image of the changes seen in June.The only downside in the report came from the composition of jobs, which is quite volatile. Source: forexcrunch.com Share This:

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AUD News 

AUD/USD falls sharply to 0.76 after the RBA sounds worried

“On the contrary, they were worried about future employment growth and the current absence of significant wage growth” writes Yohay’s Google Profile for forexcrunch.com. How will the RBA tackle the growth in debt related to housing?. If the RBA tightens the screws via macro-prudential measures, there is no need to raise rates. Source: forexcrunch.com Share This:

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AUD News 

AUD/USD slips under 0.76 as Moody’s downgrades Australian banks

“Australia still enjoys a perfect credit rating: AAA from three rating agencies, or a 9 As if you wish” writes Yohay’s Google Profile for forexcrunch.com. The credit rating agency Moody’s downgraded Australia’s Big Four banks.Does the downgrade of its banks precede a downgrade of the sovereign?. The banks are ANZ, CBA, NAB, and Westpac. Source: forexcrunch.com Share This:

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AUD News 

AUD/USD struggles with high resistance after gaining 42K jobs

“Australia reported another excellent jobs report: no less than 42K jobs were gained in May, far better than 9.7K predicted” writes Yohay’s Google Profile for forexcrunch.com. However, the Australian jobs report sent the pair above 0.76 once again, hitting a high of 0.7630.The internal data is also positive: 52.1K full-time jobs were gained while 10.1K were lost. Source: forexcrunch.com Share This:

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AUD News 

AUD/USD holds 0.75 after RBA, Chinese PMIs

“They repeat their statement about the Australian dollar: a rising exchange rate could complicate the transition away from mining” writes Yohay’s Google Profile for forexcrunch.com. There are several factors moving the Australian dollar, keeping it at its current levels.While Australian data is OK, China and the US do not look that inspiring.On the other side of the currency pair, the US dollar enjoyed the news of averting a government shutdown. Source: forexcrunch.com Share This:

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