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Buy Australian Dollars & New Zealand Dollars The Australian business sentiment dropped to the lowest level since before last years election. Economists are now predicting the central bank will cut interest interest rates twice in 2015. This was the worst news for the Australian dollar and foreign exchange traders were quick to dump the Aussie …
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Today is a fairly quiet day in terms of economic data for both the UK and EU. Looking ahead to the rest of the week the key event is likely to be Wednesdays release of the Bank of England inflation report and Governor Carneys press conference. With a number of MPC members having signalled that …
The US dollar weakened for the first time in four days against sterling as traders pushed back estimates for when the Federal Reserve will increase U.S. Interest rates. The U.S. currency declined for a second day against the euro. The Australian and New Zealand dollars strengthened after China’s factory output and economic growth expanded more …
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Good Morning, German manufacturing expanded at the slowest pace in 15 months in September as new orders fell, signalling uneven momentum in Europe’s largest economy. The data adds to the uncertainty facing the German economy. While gross domestic product unexpectedly contracted in the second quarter, the Bundesbank said yesterday that positive July data had dispelled …
Australian Dollar exchange rate falls on bad news in China. The Australian dollar exchange rate fell for the first time in three days after a Chinese property developer collapsed highlighting the fragile property market in Australia’s largest trade partner. The Fact that tonight’s US Fed reserve is holding its meeting would have also led to …
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Hi All, Australian Dollar outlook improves as Westpac drops rates cut call. The Australian Dollar outlook is finely balanced at the moment but the need for the RBA to not cut rates further will help its cause. The Pounds to Australian dollar rate is currently 1.8300 and Euros to Australian Dollars still around the 1.5500. …
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Hi All, Foreign Exchange Traders were buying Australian Dollars today after much better than expected Jobs numbers. The jobs numbers caught forex traders by surprise (including myself) after rising 3 times more than expected and as a result the Australian Dollar to US dollar is now expected to head back above 0.9100 in the coming …
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