Australian Dollar Gets a Boost From Wall Street Rally
The Australian dollar has jumped two cents against the US dollar since the close on Wall Street, after the Dow and S&P indexes closed up on the day. With no significant data releases out of Australia today, the dollar will probably remain sensitive to equity market moves.
Aussie slightly higher against most majors amid Australian Q3 CPI report
(RTTNews) - The Australian dollar inched slightly higher against most major currencies following the release of the third quarter inflation report on Monday morning in Asia. The report showed that Australia's annual inflation soared to 5.0% in the third quarter.
Australian Dollar Might Be the Biggest Victim of the Current Financial Crisis
The Australian dollar has been the worst performer among the world’s most heavily traded currencies. Given the current market environment of uncertainty and de-leveraging in world’s financial markets, high yielding currencies are likely to remain particularly vulnerable against lower yielding currencies.
Australian Dollar Crosses: A Long Term Perspective
The AUDCAD then traded sideways until dropping to an all-time low last week. One such count treats the drop to a new low as a B wave (false break). Once this B wave completes, which may take weeks if not longer, a sharp advance would ensue.
Aussie dollar rises after a strong finish on Wall St
October 17, 2008: At the close, the Australian dollar was trading at US68.9c, up about 3.5 per cent from Thursday's US66.54c. The Aussie was unable to sustain the momentum as the global growth outlook slumped. Westpac currency strategist Jonathan Cavenagh said the Aussie faced plenty of selling interest near US70c.
Yen Extends Gains on Speculation US Will Enter a Recession
Against the Australian dollar, the yen jumped 8.8 percent from late yesterday in Asia to 65.38, its biggest gain since Oct. 8. Japan's currency also surged 6 percent to 59.55 per New Zealand dollar and rose 1.3 percent versus the South African rand to 9.3000 from late yesterday in New York.
AUSD slumps below 67 US cents
The Australian dollar opened weaker, down nearly 5%, as investors shunned riskier assets such as equities and high-yielding currencies on continuing fears of a recession in the United States.
NZ Dollar tumbles vs greenback
The kiwi did gain against the Australian dollar overnight and by today's local open was at A90.10c, from A88.75c at 5pm. The NZ dollar slipped against Australian and Japanese currencies – to 0.4490 euro from 0.4542, and to 61.17 yen from 62.50. The trade weighted index was 60.25 at 8am from 60.84 at 5pm.
No News is Good News The largest mover in the currency markets yesterday was the Australian dollar which has surged up 12% vs. the US$ since late last week; the biggest two day gain since it began trading freely in 1983. The Australian dollar gained as investor's confidence was restored and stock markets rallied.
