December 24, 2013 9:45 am
Australian dollar lost ground against its US counterpart in subdued trade on Tuesday, as yesterdays data points from the United States supported the view that economy was improving. AUD/USD hit a session low at 0.8906 at 3:25 GMT, after which consolidation followed at 0.8916, down 0.20% for the day. Support was likely to be received […]
Read moreDecember 23, 2013 8:36 am
Australian dollar gained ground against its US counterpart on trading Monday amid speculation that investors are exiting their positions on before year-end and ahead of the release of Federal Reserve’s preferred inflation measure. AUD/USD touched a session high at 0.8946 at 5:40 GMT, after which consolidation followed at 0.8932, gaining 0.10% for the day. Support […]
Read moreDecember 22, 2013 6:21 pm
Having reached highs unseen in two weeks against the Swiss franc, US dollar trimmed gains on Friday, as market players locked-in their gains following Federal Reserves policy decision earlier in the week. After hitting a session high at 0.9001 at 7:40 GMT, USD/CHF closed at 0.8962 on Friday, losing 0.18% for the day, while recording […]
Read moreDecember 20, 2013 7:51 am
Australian dollar traded little changed against its US rival on Friday and was set for its longest streak of weekly losses since before it was floated 30 years ago after Reserve Bank of Australia (RBA) Governor Glenn Stevens repeated that national currencys exchange rate was too high and following Federal Reserves decision to scale back […]
Read moreDecember 19, 2013 8:12 am
Australian dollar traded steadily and in proximity to more than three-year lows against its US counterpart on Thursday, following Feds decision to reduce the scale of its monthly asset purchases at the policy meeting on Wednesday. AUD/USD reached a session low at 0.8823 at 3:25 GMT, also the pairs lowest point since August 25th 2010, […]
Read moreDecember 18, 2013 8:15 am
Australian dollar traded higher against its US counterpart on Wednesday, as speculation appeared that the Reserve Bank of Australia (RBA) may not reduce its benchmark interest rate further after banks Governor Glenn Stevens stated that there were indications accommodative policy was providing support to spending in the country. AUD/USD touched a session high at 0.8928 […]
Read moreDecember 17, 2013 8:12 am
Australian dollar traded lower against its US counterpart on Tuesday, after the minutes of Reserve Bank of Australias (RBA) most recent policy meeting showed that the bank was not excluding the possibility of further reducing borrowing costs. AUD/USD fell to a daily low at 0.8930 at 3:25 GMT, after which consolidation followed at 0.8944, dipping […]
Read moreDecember 16, 2013 10:02 am
Australian dollar fell against its US counterpart on Monday, following the release of Chinese manufacturing PMI and ahead of the testimony by the Reserve Bank of Australia Governor Glenn Stevens and Federal Open Market Committee (FOMC) policy decision due on December 18th. AUD/USD fell to a session low at 0.8923 at 1:45 GMT, also the […]
Read moreDecember 15, 2013 2:56 pm
US dollar traded steadily and in proximity to two-year lows against the Swiss franc on Friday, as expectations were boosted that a small reduction of scale of Federal Reserves monetary stimulus might be introduced at the upcoming policy meeting of the bank. USD/CHF fell to a session low at 0.8882 at 8:33 GMT on Friday, […]
Read moreDecember 13, 2013 8:15 am
Australian dollar traded little changed against its US counterpart on Friday and was set for the longest streak of weekly losses since 1985, after Reserve Bank of Australia (RBA) Governor Glenn Stevens indicated that a weaker national currency was preferable over lower interest rates in order to facilitate the accelerated revival of Australias economy. AUD/USD […]
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