Australian Dollar exchange rate falls on bad news in China

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 […]

Australian Dollar outlook improves as Westpac drops rates cut call

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. […]

New Zealand Dollar Exchange Rate soars after rate hike

hi All, The New Zealand Dollar Exchange Rate soars after rate hike. The Reserve Bank of New Zealand had little choice but to hike interest rates last night after the NZ Housing Market continues to overheat. The NZ housing Market has been in a boom cycle for thew last fear years fueled by lower interest […]

Foreign exchange traders buy Australian Dollar exchange rate up on good news

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 […]

Currency Exchange Rate News 13-03-2014

Overnight Currency News Us Dollar Exchange Rate The dollar has weakened off this morning due to US data to be released this afternoon ‘Retail sales and Initial jobless claims’. Stanley Fischer, nominee to be Federal Reserve Chair Janet Yellen’s deputy, said the U.S. economy still needs stimulus to combat unemployment ahead of a report projected […]

Australian dollar exchange rate weakens further

The Australian dollar weaken again today against the pounds after weaker than expected economic figures. Australian economic sentiment was worse than feared and suggesting the economy woes are still not quite behind them Especially after the weekends auctions clearance rates on home sales fell also. This is may give the RBA a little more wiggle […]

Australian Dollar exchange rate starts to climb

Hi All, Just watching the Australian Dollar exchange rate start to climb here back above the pounds to Australian Dollar rate of 1.8500 for the first time today. The RBA has become a little more upbeat of past and the chance for further cuts have watered down by higher than expected inflation numbers. Also the […]

Australian Dollar Exchange Rate

The Pounds to Australian Dollar exchange rate is another currency that decided the pound was a bully boy and deserved a seeing to. We started the week at 1.8800 and ending the week almost 3% lower, typical for the pound this week. The reasons behind forex traders buying Australian Dollars was that local data surprised […]