Aud Usd News - FX Trading

Sat 23 Sep 2017
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Aud Usd News

Latest 10 news items tagged Aud Usd

AUD/USD – China GDP met with bid orders13 Jul at 2 PM 2012

The Australian dollar and its New Zealand counterpart are both on the up even though China’s economic growth dropped below eight per cent during the second quarter of 2010, to a year-on-year of 7.6 per cent. Recently estimates had been downgraded, so although the data fell to a 13-month low, it is not as bleak as some had expected. Since the markets had positioned themselves for bad data, a test of the hourly resistance in the AUD/USD of around 1.0200 could be possible, according to Head of IFR Markets John Noonan. However, to hit...

AUD/USD holds at 1.0250 before Australian jobs data12 Jul at 10 AM 2012

The Australian dollar was 0.6 per cent higher versus the its US counterpart at close of trade on Wednesday at 1.0250 after hitting a three-day high of 1.0280 on the back of an intraday low of 1.0178. In spite of the greenback’s rally during late trading after minutes from the Federal Reserve meeting hit risk appetite, AUD/USD maintained overall gains partly helped by rising commodity prices, as crude oil recovered previous day losses to close up by over two per cent, while sugar, coffee and metals also recorded gains. Soybean and...

Aussie dollar set for bearish breakdown28 Jun at 9 AM 2012

The Australian dollar was the star performer against its US counterpart at the close of trade in Europe on Wednesday, moving up 0.09 per cent during the session. The aussie has remained well supported in spite of equity markets rallying with the US dollar outperforming all major currencies except the Australian dollar. Stronger-than-anticipated durable goods orders from the US have seen broader risk appetite remain supported with decreased calls for additional Fed easing reducing pressure on the US dollar. The AUD/USD produced...

Aussie rallies following strong jobs data7 Jun at 12 PM 2012

The euro held onto gains after a strong rally versus the dollar on Wednesday after the ECB decided against cutting interest rates and made no changes to the growth outlook. Rates remained at one per cent although the ECB said that it was ready to act if necessary but within its mandate’s scope. However, the bank refused to commit, saying it was the governments’ responsibility to manage fiscal shortcomings. After hitting a high in US trading of 1.2584, the EUR/USD opened Asian trading at 1.2580 cooling on profit taking to...

AUD/USD continues to falter21 May at 4 PM 2012

The AUD/USD continued to spiral towards lower ground before beginning of Tokyo trading on Monday. After starting at around 0.9840, there has been quite a steady slide in the sport rate, which last stood at around 0.9800, hitting day lows and nearing the year-low of 0.9794. Falling demand from Chinese consumers for coal and iron ore contracts during a period when stockpiles of copper continue to grow has heightened investors’ hesitation on Australia’s weakening economic prospects. On the upside for Australian dollar, China...

Aussie dollar loses ground on US dollar8 May at 6 PM 2012

The Australian dollar has seen its losses extended against its US counterpart after the greenback opened the day with the AUD/USD dropping from 1.0155 in European trading to break down the support of 1.0120 and test the key level of 1.0100, reports nasdaq.com. The AUD/USD is currently trading at lows for 2012 and at its lowest price since 29 December. The pair is now pricing at 1.0105, some 0.90 per cent less than the opening price action. Technical studies on FXstreet.com reveal an “overbought” and “strongly bearish” pair....