Articles by: Miroslav Marinoff

Forex Market: AUD/USD trades in proximity to three-month highs, supported by recent economic data

Australian dollar traded close to highs unseen in three months against its US counterpart on Friday and was poised for a weekly gain, following a series of optimistic economic data, released earlier in the week, while the Reserve Bank of Australia may consider a verbal intervention in order to curb further strength. AUD/USD rose to […] Read more

Forex Market: AUD/USD surges to one-week highs on better than forecast Australian retail sales, trade surplus

Australian dollar gained ground against its US rival on trading Thursday, after data showed Australias retail sales rose at a pace three times faster than projected, while the surplus on nations trade balance widened the most in 2.5 years. AUD/USD climbed to a session high at 0.9034 at 0:32 GMT, which has been the pairs […] Read more

AUD/USD pares daily advance, Australian Q4 GDP outstrips forecasts

Australian dollar trimmed its earlier advance against the US counterpart on trading Wednesday, while an official report revealed Australian economy expanded at a faster than anticipated pace during the final quarter of 2013. Having touched a daily high at 0.8997 at 0:34 GMT, also the highest point since February 26th, AUD/USD was trading at 0.8967 […] Read more

AUD/USD recovers from daily losses, RBA leaves borrowing costs unchanged

Australian dollar managed to recover from earlier daily losses against its US counterpart on Tuesday, while the Reserve Bank of Australia (RBA) decided to keep borrowing costs without change at its policy meeting today, as the exchange rate of the national currency was still high. Having touched a session low at 0.8910 at 3:45 GMT, […] Read more

AUD/USD pares earlier losses, still close to one-month lows on diminished demand for riskier assets

Australian dollar managed to trim earlier losses against its US counterpart on trading Monday, but remained close to lows unseen in one month, as geopolitical tensions prompted investors to reduce their possessions of riskier assets. Having touched a daily low at 0.8891 at 0:53 GMT, also the pairs lowest point since February 5th, AUD/USD traded […] Read more

AUD/USD trades little changed, poised for a back-to-back weekly drop on Fed taper outlook, RBA meeting in focus

Australian dollar was slightly changed against its US counterpart on trading Friday, as prospects of maintained stimulus reduction by the Fed led to lower demand for high-yielding currencies, such as the Aussie. AUD/USD reached a daily low at 0.8939 at 4:50 GMT, after which the pair consolidated at 0.8957, down 0.10% for the day and […] Read more

AUD/USD falls to almost three-week lows as Australian private capital expenditures shrink

Australian dollar touched lows unseen in almost three weeks against its US rival on trading Thursday, following a report, which showed private capital expenditures in Australia shrank at the fastest pace in four years in the fourth quarter of 2013. AUD/USD fell to a daily low at 0.8917 at 0:36 GMT, also the pairs lowest […] Read more

AUD/USD pares earlier losses, triggered by declining price of iron ore, weak Australian construction data

Australian dollar managed to trim earlier losses against its US counterpart on trading Wednesday, which were due to considerably weaker than projected construction work done in Australia during the final quarter of 2013, while prices of iron ore, Australias largest export, plummeted to seven-month lows on Tuesday. Having slid to a session low at 0.8970 […] Read more