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The Australian Dollar (AUD) closed out the week on the back foot against the US Dollar (USD) falling from 0.6450 to reach 0.6370 mid Monday as risk sentiment took a beating on geopolitical uncertainty in Iran. Overnight greenback strength slipped, and the Aussie surged to 0.6460 as equity markets also posted gains. The US airstrikes…
The New Zealand Dollar (NZD) has pushed lower 2 week’s running dropping off the 11 June low off 0.5305 (1.8850) to trade at 0.5130 (1.9480) this morning against the Euro (EUR). Tensions in the middle East continue to spook market sentiment, the NZD underperforming in broad based EUR “risk” strength. European Manufacturing came in benign…
The New Zealand Dollar (NZD) has pushed lower 2 week’s running dropping off the 11 June low off 0.5305 (1.8850) to trade at 0.5130 (1.9480) this morning against the Euro (EUR). Tensions in the middle East continue to spook market sentiment, the NZD underperforming in broad based EUR “risk” strength. European Manufacturing came in benign…
The Australian Dollar (AUD) slumped to a 9-week low early Tuesday reaching 0.5560 (1.7990) against the Euro (EUR) with volatility peaking around 2 weeks back. Sentiment continues to drive currencies with geopolitical headlines dictating play well ahead of data releases. The ECB have cut rates on 3 occasions this year and may choose to pause…
The Australian Dollar (AUD) slumped to a 9-week low early Tuesday reaching 0.5560 (1.7990) against the Euro (EUR) with volatility peaking around 2 weeks back. Sentiment continues to drive currencies with geopolitical headlines dictating play well ahead of data releases. The ECB have cut rates on 3 occasions this year and may choose to pause…
The Australian Dollar (AUD) has retreated off Friday’s 0.4855 (2.0600) level against the British Pound (GBP) stalling to 0.4760 (2.1020) Monday bouncing off key resistance before making back gains in early Tuesday to 0.4780 (2.0920). Australian PMI data showed modest growth at 51.2 up from 50.5 with manufacturing holding at 51.0 showing a positive response…
Wild swings in currencies remain the theme as geopolitical uncertainty keeps investors cautious. The British Pound (GBP) rebounded off the 0.4500 (2.2230) high Thursday to reach 0.4400 (2.2740) late last night before settling around 0.4425 (2.2600) levels. Earlier the Bank of England (BoE) kept interest rates unchanged with 6 of the 9 members choosing to…
Wild swings in currencies remain the theme as geopolitical uncertainty keeps investors cautious. The British Pound (GBP) rebounded off the 0.4500 (2.2230) high Thursday to reach 0.4400 (2.2740) late last night before settling around 0.4425 (2.2600) levels. Earlier the Bank of England (BoE) kept interest rates unchanged with 6 of the 9 members choosing to…
Prices in the New Zealand Dollar (NZD), Australian Dollar (AUD) broke support at 0.9260 (1.0800) Monday to reach a 4-week low of 0.9225 (1.0840) before resting back around 0.9260 (1.0800) levels this morning. Earlier NZ GDP rallied the kiwi on the news as first quarter numbers were higher than expected at 0.8% vs 0.7%, the…
Prices in the New Zealand Dollar (NZD), Australian Dollar (AUD) broke support at 0.9260 (1.0800) Monday to reach a 4-week low of 0.9225 (1.0840) before resting back around 0.9260 (1.0800) levels this morning. Earlier NZ GDP rallied the kiwi on the news as first quarter numbers were higher than expected at 0.8% vs 0.7%, the…