Articles by: Miroslav Marinoff

AUD/USD drops, poised for first weekly loss in four weeks as iron ore prices fall

Australian dollar lost ground against its US counterpart on trading Friday and was set to register its first weekly drop in four weeks, after prices of iron ore, Australias largest export, fell. AUD/USD touched a session low at 0.8982 at 6:30 GMT, after which consolidation followed at 0.8980, losing 0.18% for the day. The pair […] Read more

AUD/USD retreats as Chinese manufacturing activity slows

Australian dollar fell against its US counterpart on trading Thursday, after a report showed manufacturing activity in worlds second largest economy slowed down in February, which dampened demand for high-yielding assets. AUD/USD fell to a session low at 0.8937 at 4:10 GMT, after which consolidation followed at 0.8955, losing 0.52% for the day. Support was […] Read more

AUD/USD trades little changed ahead of Fed minutes, Chinese manufacturing data

Australian dollar managed to pare earlier losses and traded little changed against its US rival on Wednesday before the Federal Reserve Bank releases the minutes of its most recent meeting on policy later in the day and HSBC Holdings Plc announces the preliminary value of its manufacturing PMI for China on Thursday. AUD/USD fell to […] Read more

AUD/USD trims earlier advance, BlackRock forecasts Aussie will drop further

Australian dollar climbed to fresh one-month highs against its US counterpart on trading Tuesday, following the release of the minutes of Reserve Bank of Australias (RBA) most recent policy meeting, which showed further signs that accommodative policy and weak national currency have led to positive economic effects. AUD/USD touched a daily high at 0.9081 at […] Read more

AUD/USD hits fresh one-month highs on record Chinese loan data

Australian dollar rose to highs unseen in one month against its US rival on Monday, after a report showed Chinese new credit expanded to a record in January, which bolstered the outlook over worlds second largest economy, while China is Australias largest export market. AUD/USD climbed to a daily high at 0.9069 at 1:30 GMT, […] Read more

Outlook for AUD/USD during the upcoming week

Australian dollar extended its daily advance against the US counterpart on trading Friday, following mixed economic data released out of the United States, which showed industrial output shrank in January, while consumer sentiment remained unchanged in mid-February. Having touched fresh daily highs at 0.9044 at 8:46 GMT, AUD/USD closed at 0.9035 on Friday, rising 0.61% […] Read more

AUD/USD gains, set for a weekly advance after Chinese CPI accelerates more than expected

Australian dollar traded higher and was poised for a weekly gain against its US peer on Friday, after a report stated that annualized consumer prices in China, Australias largest export market, rose more than projected in January. AUD/USD touched a daily high at 0.9024 at 1:30 GMT, after which consolidation followed at 0.8990, rising 0.12% […] Read more

AUD/USD plummets 1% as Australian unemployment rate reaches highs unseen since 2003

Australian dollar fell sharply against its US counterpart on trading Thursday, after a report made it clear that the rate of unemployment in Australia rose to highs unseen since 2003, while employers in the country cut job positions in January. AUD/USD hit a session low at 0.8928 at 1:55 GMT, after which consolidation followed at […] Read more

AUD/USD emerges with daily gains on upbeat Chinese trade data

Australian dollar managed to recover from an earlier daily loss and rose to fresh one-month highs against its US counterpart on trading Wednesday, after a report revealed Chinese imports and exports came in at considerably higher levels than expected in January. AUD/USD reached a session high at 0.9068 at 6:05 GMT, also the pairs highest […] Read more