Australian Dollar & Currency News

  • $A flat as data meets expectations AAP - 2 hours 9 minutes ago

    The Australian dollar remains above 78 US cents as new retail spending numbers met expectations. At 1200 AEDT on Thursday, the local currency was trading at 78.20 US cents, down from 78.23 cents on Wednesday. Retail spending growth in January of 0.4 per cent and a widening of Australia's trade deficit was in line with expectations and had little impact on the currency, Westpac senior currency strategist Sean Callow said. The Australian dollar was at 103.04 New Zealand cents, up from the record low of 102.96 NZ cents it hit earlier on Thursday.

  • Crude Oil Threatens Chart Support, SPX 500 Drops to 2-Week Low DailyFX - 2 hours 29 minutes ago

    Crude Oil Threatens Chart Support, SPX 500 Drops to 2-Week Low

  • US Dollar Technical Analysis: Range Top Remains in Play DailyFX - 3 hours ago

    US Dollar Technical Analysis: Range Top Remains in Play

  • EUR/USD Technical Analysis: Euro Slumps to 11-Year Low DailyFX - 3 hours ago

    EUR/USD Technical Analysis: Euro Slumps to 11-Year Low

  • USD/CHF Technical Analysis: Rally Extends for Fifth Day DailyFX - 4 hours ago

    USD/CHF Technical Analysis: Rally Extends for Fifth Day

  • GBP/USD Technical Analysis: Waiting to Enter Short Trade DailyFX - 4 hours ago

    GBP/USD Technical Analysis: Waiting to Enter Short Trade

  • USD/CAD Technical Analysis: Rejected at Range Top Again DailyFX - 4 hours ago

    USD/CAD Technical Analysis: Rejected at Range Top Again

  • NZD/USD Technical Analysis: Focus Remains on 0.76 Figure DailyFX - 5 hours ago

    NZD/USD Technical Analysis: Focus Remains on 0.76 Figure

  • AUD/USD Technical Analysis: Stalling Below Key Trend Line DailyFX - 5 hours ago

    AUD/USD Technical Analysis: Stalling Below Key Trend Line

  • EUR/JPY Technical Analysis: Euro Resumes Down Trend DailyFX - 5 hours ago

    EUR/JPY Technical Analysis: Euro Resumes Down Trend

  • Wall Street falls for second straight session ABC - 5 hours ago

    Wall Street fell for a second straight session overnight, with some analysts speculating that US markets may have peaked, in the short-term at least. The Dow Jones industrial average closed down 106 points ...

  • GBPAUD Reversal at Interim Support- Scalps Target 1.9500 DailyFX - 6 hours ago

    GBPAUD Reversal at Interim Support- Scalps Target 1.9500

  • $A reaches new record low against $NZ AAP - 7 hours ago

    The Australian dollar has reached a new record low against the New Zealand dollar ahead of Thursday night's European Central Bank policy meeting. The Australian dollar has fallen as low as 102.96 NZ cents, its lowest level since the kiwi was floated in 1985. ANZ senior manager FX in Auckland Sam Tuck said both the Australian and NZ dollars had benefited from a sharp sell-off in the euro overnight as investors await more details on the ECB's quantitative easing program. The Kiwi had outperformed the Aussie dollar for technical reasons.

  • Stocks to watch on Thursday AAP - 7 hours ago

    Stocks to watch on the Australian stock exchange on Thursday, March 5: API - AUSTRALIAN PHARMACEUTICAL INDUSTRIES - up 3.5 cents, or 2.82 per cent, at $1.275 Australian Pharmaceutical Industries is forecasting ...

  • Finance News Update, what you need to know AAP - 7 hours ago
    Finance News Update, what you need to know

    WORLD FINANCE UPDATE: The Australian dollar has weakened following Wednesday's disappointing economic growth figures and a resurgence of the US dollar. At 0630 AEDT on Thursday, the local currency was ...

  • $A lower amid weak GDP, strong $US AAP - 8 hours ago

    The Australian dollar has weakened following Wednesday's disappointing economic growth figures and a resurgence of the US dollar. At 0630 AEDT on Thursday, the local currency was trading at 78.14 US cents, down from 78.23 cents on Wednesday. Australia's economy grew by 0.5 per cent in the December quarter and by 2.5 per cent in 2014, official figures on Wednesday showed, which was weaker than economists expected.

  • Hong Kong, Shanghai down on China target as euro struggles AFP - 10 hours ago
    Hong Kong, Shanghai down on China target as euro struggles

    Hong Kong and Shanghai markets led a broad Asian sell-off Thursday after China set tepid 2015 economic and trade growth targets, while the euro struggled to recover from 11-year lows ahead of a key European Central Bank meeting. Hong Kong fell 0.78 percent and Shanghai lost 0.56 percent, while Sydney slipped 0.26 percent. China's National People's Congress, the rubber-stamp legislature, opened with Premier Li Keqiang setting a growth target for this year of "approximately seven percent", which would be the slowest in 25 years. Authorities also cut their trade growth target for this year to "around six percent" after missing its 7.5 percent goal in 2014 for the third consecutive year.

  • GDF Suez in 2.5-bn-euro bond issue, including rare zero-coupon bond AFP - 13 hours ago
    GDF Suez in 2.5-bn-euro bond issue, including rare zero-coupon bond

    French energy giant GDF Suez said it sold four tranches of debt Wednesday for a total value of 2.5 billion euros ($2.7 billion), including a rare zero-coupon bond. "The coupons for each tranche are the lowest obtained by GDF Suez at these maturities in euros. In particular, the two-year tranche bears a zero-percent coupon," the group said in a statement. The Wall Street Journal called the launch of the zero-coupon two-year bond "a true rarity" and said GDF Suez was the first company in over 14 years to issue bonds in euros offering no regular payments to investors.

  • Price & Time: Big Day For USD/CAD DailyFX - 14 hours ago

    Price & Time: Big Day For USD/CAD

  • Into the Storm: US ADP, ISM Services Start Three Day Data Blitz DailyFX - 16 hours ago

    Into the Storm: US ADP, ISM Services Start Three Day Data Blitz

  • EU high court hands Britain win over European Central Bank Associated Press - 17 hours ago

    A European Union high court has handed Britain and its London financial hub a victory by ruling against a European Central Bank decision that would have forced financial institutions clearing trades in ...

  • Weak data, major stocks going ex-dividend do little to lift share market ABC - 20 hours ago

    Weak data and some major stocks going ex-dividend has done little to lift the share market. The All Ordinaries ended 0.5 per cent lower at 5,871 and the ASX 200 matched that fall to 5,902. Resource stocks ...

  • ASIC launches investigation into suspect Australian dollar trading ahead of interest rate announceme … ABC - 20 hours ago
    ASIC launches investigation into suspect Australian dollar trading ahead of interest rate announceme …

    The integrity of the local foreign exchange market has been called into question after the corporate regulator launched an investigation into suspect trading in the Australian dollar. Last month and again on Tuesday, traders appear to have correctly guessed surprise decisions on interest rate movements by the Reserve Bank in the minute immediately prior to the official release. On both occasions the Australian dollar moved sharply just seconds before the Reserve Bank announcement. Just 45 seconds before the Reserve Bank released its decision to keep rates on hold â which caught markets off-guard â an unidentified trader put through a buy order for Australian dollars that booted the currency more than 25 basis points higher.

  • $A lower on post-RBA profit taking AAP - 21 hours ago

    The Australian dollar is slightly lower as traders take profits following gains made after the Reserve Bank's decision to keep the cash rate unchanged for now. Easy Forex currency dealer Andreas Tjahja said there was a spike in the Aussie after the figures were released late morning, but the currency was unable to hold its gains. He said the spike was because there was relief that the growth figures weren't so bad and it also eased expectations that the Reserve Bank would cut in April.

  • Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts DailyFX - 23 hours ago

    Dollar Holds its Range as Traders Look to SPX and NFPs as Loaded Catalysts

  • Concerns RBA rates decision was leaked AAP - 23 hours ago
    Concerns RBA rates decision was leaked

    Investigations are under way after suspicious moves by the Australian dollar and share market in the seconds before Tuesday's Reserve Bank interest rate decision. The Australian Securities and Investments Commission is investigating after the Australian dollar surged and the share market began falling at 1429 AEDT on Tuesday, seconds before the RBA's 1430 AEDT announcement. The moves sent chins wagging among analysts, while Treasurer Joe Hockey and RBA governor Glenn Stevens expressed concern. Westpac chief currency strategist Robert Rennie described the dollar's bounce as "curious", and IG Markets strategist Evan Lucas called the move "suspicious".

  • Crude Oil, Gold and SPX 500 Await Direction Cues in Established Ranges DailyFX - Wed, Mar 4, 2015 2:19 PM AEDT

    Crude Oil, Gold and SPX 500 Await Direction Cues in Established Ranges

  • NZD/USD Technical Analysis: Oscillating Above 0.75 Figure DailyFX - Wed, Mar 4, 2015 1:35 PM AEDT

    NZD/USD Technical Analysis: Oscillating Above 0.75 Figure

  • AUD/USD Technical Analysis: Wedged in Familiar Territory DailyFX - Wed, Mar 4, 2015 1:35 PM AEDT

    AUD/USD Technical Analysis: Wedged in Familiar Territory

  • $A higher following growth figures AAP - Wed, Mar 4, 2015 12:41 PM AEDT

    The Australian dollar has pushed higher after economic growth figures got the market thinking the Reserve Bank might not go for a rate cut in April. Australia's economy grew by 0.5 per cent in the December quarter and by 2.5 per cent in 2014, official figures on Wednesday showed. National Australia Bank global co-head of FX strategy Ray Attrill said that although the figures largely matched expectations, the fact that they weren't worse pushed the Australian dollar higher.

  • RBA refers $A move to ASIC AAP - Wed, Mar 4, 2015 12:22 PM AEDT
    RBA refers $A move to ASIC

    The corporate watchdog is investigating sharp movements by the Australian dollar and share market in the seconds before Tuesday's interest rate announcement. The Australian Securities and Investments Commission is investigating after the Australian dollar strengthened and the share market began to drop at 1429 AEDT on Tuesday, seconds before the RBA's 1430 AEDT announcement. "ASIC cannot comment specifically. "ASIC has been made aware of the matter and is looking into it," an RBA spokesman said.

  • USD/CAD Technical Analysis: Coiling Up for a Breakout? DailyFX - Wed, Mar 4, 2015 10:41 AM AEDT

    USD/CAD Technical Analysis: Coiling Up for a Breakout?

  • EUR/USD Technical Analysis: January Low Remains in Focus DailyFX - Wed, Mar 4, 2015 10:13 AM AEDT

    EUR/USD Technical Analysis: January Low Remains in Focus

  • US Dollar Technical Analysis: Bounce Capped at Range Top DailyFX - Wed, Mar 4, 2015 10:13 AM AEDT

    US Dollar Technical Analysis: Bounce Capped at Range Top

  • Australian services sector finally growing AAP - Wed, Mar 4, 2015 9:36 AM AEDT

    Australia's services sector has grown for the first time in a year, boosted by the Reserve Bank's February rate cut and the lower Australian dollar. Services expanded by 1.8 points to 51.7 in February, above the 50 level separating expansion from contraction, according to the Australian Industry Group's performance of services index on Wednesday.