AUD News 

AUD/USD creeps higher as buyers seize back near-term control

“In overnight trading, buyers leaned on support close to the 0.6800 handle and that has helped to provide a platform to build on a move higher in trading today” reports forexlive.com. Right now, the aussie has managed to work its way past both the 200-hour MA (blue line) and the 100-hour MA (red line) against the dollar as buyers seize back near-term control.The pair is continuing to find more momentum to the upside as the aussie is building on its gains from a push higher in AUD/NZD when the pair…

Read More
AUD News 

European pre-market: Aussie lags on softer GDP data

“As such, continue to pay attention to the risk mood as market participants continue to err on the side of caution amid some jitters surrounding US-China trade” reports forexlive.com. Dollar pairs are sitting within 0.1% change as we begin the session and the risk mood is also more balanced after trade worries weighed on sentiment yesterday.US futures are keeping flat with a similar mood seen in bonds, and that is keeping markets more steady in general to start European morning trade.Besides some mild weakness in the aussie, the rest of…

Read More
AUD News 

Aussie bond yields continue to climb after RBA decision

“The notable change by the RBA this time around is in the statement as they reaffirmed their commitment to keep the cash rate on hold , citing the “long and variable lags in the transmission of monetary policy”” reports forexlive.com. AUD/USD sits at the highs for the day around 0.6845 currently as we look towards European trading. Source: forexlive.com

Read More
AUD Markets News 

Trade hopes lift dollar, rate cut forecast hobbles Aussie

“A bank employee counts U.S. currency and Chinese currency notes at a bank on August 6, 2019 in China” reports cnbc.com. Against the yen, the dollar traded at 109.12 yen, off a two-week high of 109.205 hit on Tuesday.The dollar posted modest gains on Wednesday, as traders looked ahead to a possible outcome to drawn out U.S.-China trade talks, while a forecast for monetary policy easing knocked the Aussie.The greenback had found support on signs Washington and Beijing were moving closer to signing a deal to end their 16-month trade…

Read More
AUD News 

Fresh trade deal hopes lift US dollar, Aussie

“The dollar and riskier trade-exposed currencies found some support on Friday as fresh hopes for a breakthrough in U.S.-China trade talks were tempered with caution” reports cnbc.com. China’s yuan rose 0.2% but remained just shy of strengthening past the 7-per-dollar level at 7.0076.The New Zealand dollar rose 0.1% to $0.6388.The yen fell 0.2% to 108.57 per dollar and dropped 0.3% on the rising Aussie.The Australian dollar, which had tumbled on Thursday after an unexpected rise in the national unemployment rate, added 0.2% to $0.6795. Source: cnbc.com

Read More
AUD News 

US-China trade deal doubts lifts yen, Aussie hits one-month low

“Against the euro, the yen was firm at 119.60 per euro, near one-month high touched the previous day” reports cnbc.com. The euro stood little changed at $1.10075, having touched one-month low of $1.0995 in U.S. trade while the dollar index stood not far from one-month high touched in the previous session.The yen firmed to 108.77 yen per dollar, having risen to as high as 108.66 in previous U.S. trade.Against the dollar, the franc stood at 0.9898 per dollar.The Australian dollar was down more than a half percentage point to a…

Read More
AUD Markets News 

Yen holds firm ahead of European markets open

“Other major currencies are more steady as markets continue to digest the aftermath of the Fed decision yesterday, which left little to the imagination really” reports forexlive.com. Looking ahead, we could be in for a more steady end to the week as markets continue to search for more direction over the coming weeks amid anticipation of US-China trade developments, Brexit headlines, and month/quarter-end flows.The kiwi is a tad weaker as it is inadvertently dragged down by the weaker aussie amid steady Q2 GDP data – which essentially does little to…

Read More