A perky Australian dollar, trading at 0.6625 against the greenback, appears to be continuing its strongest run of gains seen in years, Westpac said.
The Australian dollar was up against the greenback and appeared positioned for outperformance ahead, with cyclical and structural factors providing it a durable tailwind, Mizuho Securities said.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...
Heading into the Tuesday RBA decision, markets will require the central bank to verify this hawkish shift to sustain AUD strength. Any disappointment - i.e. any pushback against the notion that the ...
AUD demand then rebounded in the latter half of the week, with an expansion of Australia’s trade surplus in October and a ...
China’s latest balance of trade figures showed the country’s trade surplus exceeding $1tn for the first time on record in ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances. We do not ...
Despite a promising start to 2022, the Australian Dollar (AUD) has since been in a convincing downtrend, losing 8.69% in value against the U.S. dollar (USD) this year. It plunged to an 18-year low ...
The Australian dollar initially tried to rally during the trading session on Wednesday, showing signs of life as we broke above the 50-Day EMA. That being said, the 0.68 level seems to have caused a ...
THE Australian dollar has slipped a little against its US counterpart which has strengthened to a one-week high against a basket of six major currencies. The US dollar index, which fell to a more than ...