Market News

The AUD continues to be enjoying a renaissance, as commodity markets recover…The Inside Track

The AUD continues to be enjoying a renaissance, as commodity markets recover, domestic data proves resilient, and relative monetary policy expectations shift. » Read more

Dollar Gains for Second Day Versus Euro Before U.S. Jobs Report

Bloomberg - The dollar strengthened for a second day against the euro on Friday before a U.S. report that, according to economists, will show a pick-up in the jobs... » Read more

Dollar Tantrum Screams Louder as Goldman Sachs Says Time to Buy

Bloomberg - Goldman Sachs Group Inc. said the dollar’s steepest tumble since 2011 won’t last and investors can profit if they buy it now as U.S. growth will pick... » Read more

Asian Bonds Extend Global Rout as Stocks Drop With Copper, Kiwi – Thomas Averill

Bloomberg - Asian bonds fell, extending a selloff that’s erased $340 billion in value globally, and shares retreated with industrial metals. Oil traded above $60 a barrel, while New... » Read more

The RBA has lowered interest rates

The RBA has lowered interest rates by 0.25% to 2.00% as widely anticipated by the market. The AUD initially spiked lower, but is currently hovering around 0.7820.    Statement by Glenn Stevens,... » Read more

The market and 24 of the 28 economists polled…The Inside Track

The market and 24 of the 28 economists polled by Bloomberg are calling for a cut by the RBA tomorrow and this is applying pressure to the AUD as... » Read more

April Jinx Bringing Cruelest Month for Dollar Before Fed Meeting – Thomas Averill

Bloomberg - The dollar’s best start to a year in at least a decade is unwinding. The currency is heading for a fifth-straight April of declines, spurred by speculation... » Read more

Broadly speaking The AUD remains within recent ranges….The Inside Track

Broadly speaking The AUD remains within recent ranges with fairly little on the data calendar domestically this week. » Read more

AUD putting in a near term base against most major currencies…The Inside Track

Broadly speaking the AUD does appear to be putting in a near term base against most major currencies; domestic economic releases (with the exception of trade) have so far... » Read more

Aussie Leads Drop in Commodity Currencies as China Trade Slumps – Thomas Averill

Bloomberg - Australia’s dollar headed for its steepest decline in three weeks, leading a drop in currencies of commodity-producing nations, as a slump in China’s imports stoked concern the... » Read more