Results for 'AUD'
110 articles with this tag name
Aktualisiert May 8, 2013 3:30:00 PM
The Australian dollar has declined significantly over the past few weeks as economic data deteriorated which prompted the central bank (RBA) to cut interest rates. AUD/USD turned lower ahead of the top end of its horizontal channel between roughly 1.06 and 1.0150. The paired topped out ahead of last month’s employment release which showed a disappointing increase in the unemployment rate to 5.6% and loss of -36.1K jobs in March. Tonight, Australia will release April
[...] Weiter lesen...
Aktualisiert May 8, 2013 1:17:52 AM
RBNZ Governor Wheeler sparked a sell-off in the kiwi after he stated that the RBNZ has been selling NZ dollars and is capable of further intervention to weaken the kiwi. This isn’t the first time the Governor has talked about intervention, but the idea of being on the wrong side of the fence if the bank were to start heavily amassing foreign currency spooked the market. NZDUSD lost just fewer than 100 pips immediately after
[...] Weiter lesen...
Aktualisiert May 7, 2013 1:28:31 AM
The Australian dollar took a hit after the RBA cut the official cash rate to a record low of 2.75%, from 3.0%, but a further sell-off was avoided because of the RBA’s somewhat lacklustre statement. The bank stated that it cut rates in order to encourage sustainable growth in the economy, consistent with meeting its inflation target. Also, the RBA acknowledged that the effects of prior rate cuts are still finding their way into the
[...] Weiter lesen...
Aktualisiert May 6, 2013 3:20:00 PM
The USD drifted higher and the Canadian dollar is outperforming in a relatively quiet trading session. The UK was on holiday and the only economic data releases out of North America came from Canada. March building permits jumped by more than expected to 8.6% (cons. 1.0%) and the Ivey PMI fell to 52.2 in April from 61.6 in the prior month. Markets focused more on the Canadian housing data as this has been an area
[...] Weiter lesen...
Aktualisiert May 6, 2013 2:01:35 AM
The highlight of the session was economic data out of Australia resulting in a small sell-off in the Aussie ahead of tomorrow’s RBA meeting. Retail sales and job advertisements data disappointed the market and added to concerns that the impact of the RBA’s prior rate cuts is starting to wear-off. Retail sales fell 0.4% m/m in March, significantly less than an expected 0.1% rise. In April, job advertisements decreased by 1.3%, after also falling in
[...] Weiter lesen...
Aktualisiert May 6, 2013 1:23:59 AM
The outcome of the Reserve Bank of Australia’s (RBA) much anticipated policy meeting on Tuesday is going to come down to whether the bank sees scope to stimulate demand given recent weakness in parts of the economy or whether the board needs further guidance on the economic health of the economy. If the bank favours the former scenario then we expect it cut the official cash rate (OFC) to 2.75% from 3.00%, which would be
[...] Weiter lesen...
Aktualisiert May 3, 2013 1:23:05 AM
The Aussie and Kiwi retraced some of Wednesday’s losses against the dollar, while EURUSD and USDJPY remained flat throughout the session. USDJPY rocketed higher overnight on the back of better than expected data out of the US and an attempt from the ECB to stimulate growth in Europe. The ECB elected to cut its main interest rate and indicated it’s keeping an open mind about imposing negative deposit rates. The former was largely expected, but
[...] Weiter lesen...
Aktualisiert May 2, 2013 12:48:49 AM
After succumbing to a brutal sell-off overnight, the Australia dollar was hit again today, twice. Weak building approvals data out of Australia sparked a sell-off in the commodity currency and then a disappointing private sector manufacturing PMI figure out of China added to the currency’s woes. AUDUSD was sent through its overnight low and was only held-up by strong support just above 1.0240. In fact, last night’s shedding of AUD probably prevented a more significant
[...] Weiter lesen...
Aktualisiert May 1, 2013 3:40:00 PM
The USD dollar remained mostly weaker after the Federal Open Market Committee (FOMC) kept policy on hold. Economic data in the US continued to come in soft with today’s releases showing disappointing job growth and construction spending while manufacturing grew at the slowest pace this year. The AUD is underperforming in the G10 space following disappointing Chinese manufacturing PMI overnight and drop in the RBA’s commodity price index. US treasury yields are lower across the
[...] Weiter lesen...
Aktualisiert May 1, 2013 12:56:08 AM
China’s growth rebound has taken another hit, with its manufacturing sector expanding less than expected according to an official survey of business sentiment. China’s purchasing mangers’ index fell to 50.6 in April from 50.9 the prior month, just missing a consensus estimate of around 50.7. The slump in sentiment in the heart of China’s economy is cornering, especially a decline in new export orders. While the headline figure is holding in expansion territory, albeit only
[...] Weiter lesen...
<< Previous 1 2 3 4 5 Next >>
