Posts Tagged ‘Australian Dollar’

How pricing is determined for certain currencies

Posted by Tushar Mathur on March 17th, 2012

The execution of Forex trading in different international currencies like that the USD, sterling, pound, euro, yen, Australian dollar, franc, Canadian dollar etc. this operation is done by the interbank else Over the Counter (OTC) via 24/7 concept all over the world. This execution of the transaction by the traders is done via purchasing as well as selling of the currencies.

The traders also have the option of operating the trading of currency online via the registered brokers. One has to be of 18 years of age in order to be eligible for trading. One can begin with only US $500 for trading in all kinds of currencies.

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Aussie dollar now at relief rally

Posted by Tushar Mathur on June 2nd, 2011

Aussie, the Australian dollar is now at the stress free rally on the trade on Wednesday. The kiwi is also relaxed as they have seen their heights in recent days and developed a little from their lows. Aussie is now much scared to trade or has any contracts as they showed up their economy status. They showed that their GDP (Gross Domestic Product) is 1.2% in the mid of the march.

Before three weak when we look at the values of the Australian dollar it was at $1.0757 which is considered to be the peak value and that was set as reference on Tuesday whereas on Wednesday it was at $1.0751.

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Dollar won reprieve but still weaker for US growth

Posted by Tushar Mathur on April 26th, 2011

Dollar wins the reprieve on Monday trade from its steep side low values. However, investors believe that it would be back from its decreased range against the group of European currencies. Nevertheless more actions are taken by Federal Reserve to tighten and strengthen the dollar value.

Most of the European currencies, Japanese and Australian currency is not good at trade level as the Easter holidays seem to persist over there. Henceforth, dollar is now at the level of beating the yen value. However, this will boost up and compensate dollar loss overseas. Nevertheless, the dollar may also fall down depending on the interest rate of the US currency.

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Australian Dollar is riding on weak sentiments

Posted by Tushar Mathur on February 4th, 2010

The rippling affect of recession and economic slowdown in America has left the Australian dollar on a slippery surface. As of now the AUD (Australian dollar) in comparison to the US dollar, in terms of bidding and asking prices is 0.8800 to 0.8808. There are various reasons attached to the downslide of the Australian dollar. One of the primary reasons is the wait and watch policy (investors are very closely monitoring the Australian economy) and this is having a negative affect on the value of the Australian dollar.  The Reserve Bank of Australia has indicated that a further interest rate cut in the mortgage sector is not a feasible option.

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US Dollar is still a strong currency

Posted by Tushar Mathur on February 3rd, 2010

The year 2008 was bad, to put it mildly, in terms of recession and economic downturn/ slowdown in the United States of America. It was no different in the year 2009, perhaps even worse, it seemed as if the economy of the US was in a free fall. It is therefore not at all surprising that US dollar lost lots of its sheen and hence its value. To rouse the economy of the country the Government went ahead with another cut in the interest rates of the Federal Reserve. It was or rather is a misconception that these stimulus packages offered by the Government to bail out the economy will further plunge the value of US dollar.

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Australian Dollar Pare Losses on Inflation

Posted by admin on January 26th, 2010

The Australian dollar managed to gain versus lower-yielding currencies before a report to be released this week in the country is likely to show an advance in inflation in the last year’s last quarter, helping speculations that a series of interest rates in the country will restart. The Aussie rebounded after losing versus most of lower-yielding currencies last week as risk aversion remained predominant in majority of trading hours. Investors in the South Pacific region are waiting an inflation report to be released on Jan 27th expecting positive numbers as forecasts suggest an advance for the country’s prices in the last quarter of 2009, which would provide grounds for a new series of interest rate hikes by Australian policy makers.

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Dollar Profits From Global Economic Pessimism

Posted by admin on January 16th, 2010

This Friday’s shift in market sentiment allowed the U.S. dollar to post a weekly advance versus most of the main higher-yielding currencies, as risk aversion rose globally and traders opted by the relative safety provided by dollar-priced assets. The dollar gained significantly versus commodity producer currencies like the Brazilian Real and the Australian dollar towards the end of this week as China’s new lending restrictions raised concerns that demand for raw materials may decline in the country, affecting exports from these countries. The dollar also reverted a losing trend versus the euro and ended the week with a positive result as some of its member countries increasing budget deficit are raising speculations that the currency attractiveness may be impacted among traders, making the European single currency to drop sharply in this week’s last trading session.

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Australian Dollar Down on Chinese Risk Aversion

Posted by admin on January 15th, 2010

The Australian dollar was one of the most affected currencies today as speculations that Chinese lending requirements will slow down the global economic recovery impacted traders’ sentiment, declining appetite for high-yielding currencies. The Aussie and the kiwi declined today versus most of the main 16 traded currencies, after one of its main trading partners, China, is likely to reduce property loans after the government set new restrictions for lending money in the nation’s banks, fueling speculations of an economic slowdown and consequently raising risk aversion in trading markets towards the end of this week’s session.

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Australian Dollar Rallies on Interest Rate Outlook

Posted by admin on January 15th, 2010

Once again interest rates are fueling a rally for the Aussie dollar as it happened in the second half of the last year, when the South Pacific currency ranked among the best performing options in foreign-exchange markets. Positive employment data published in Australia this Wednesday is helping the Aussie to rally to high levels versus most of the main traded currencies, as a declining unemployment rate, currently at 5.5 percent and much better than other key-economic regions in the world, is fueling speculations that interest rates will be once again hiked in the country next month.

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Australian Dollar Climbs on Unemployment Rate

Posted by admin on January 14th, 2010

The Australian dollar climbed after employment figures were published in the country with better-than-expected numbers, adding confidence that the economic recovery in the country is accelerating its pace, spurring demand for assets in the South Pacific region. After unemployment in Australia declined to 5.5 percent and surprised forecasts that expected an increase, the Aussie dollar gained versus most of the main traded currencies, specially lower-yielding options like the Japanese yen, impacted by the growing risk appetite in Australia. AUD/CAD traded at 0.9579 as of 02:27 GMT from 0.9504 hours before the employment figures were published in Australia.

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Aussie Dollar Falls on New Home Loans

Posted by admin on January 12th, 2010

The Australian dollar fell sharply versus lower-yielding currencies today as a real estate report declined optimism regarding the South Pacific economy, in a day were commodities and equities markets which have a strong correlation with the Aussie, declined. Basically everything worked against the Australian dollar today as a report in the country showed that new home loans decreased the most in more than a year, in a day were equities dropped and demand for commodities declined, after China imposed new lending requirements for banks. AUD/USD declined to 0.9200 as of 19:38 GMT from a previous rate of 0.9310. AUD/JPY dropped to 83.64 from 85.64.

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Yen Rallies on China’s Banking Policy

Posted by admin on January 12th, 2010

Risk aversion declined significantly today after China set a new reserves requirements for banks in the country, allowing the yen to outperform all of the 16 main traded currencies in foreign-exchange markets, as pessimism surged. Equities markets in Asia and globally declined today, raising demand for the yen, as China set a minimum of 16 percent of reserves that large banking corporations in the country must have, in order to avoid a credit bubble as the one that caused the global slump in late 2008. The yen is considered the safest refuge in currency markets for turbulent times and benefited from today’s negative scenario, as China’s policy decreased demand for high-yielding assets, which were trading high since the beginning of the year.

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Canadian Dollar Near 2-Month High on Oil

Posted by admin on January 9th, 2010

The Canadian dollar returned to gain today as its chief export, the crude oil, rallied as demand for energy increases, favoring currencies with a similar profile in foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China. The loonie, as the Canadian dollar is often referred, had the fourth day of advances in this week as the crude oil returned to trade high in commodity markets closing future contracts near $ 83 a barrel, helping the Canadian dollar to rally specially versus its U.S. counterpart as frustrating employment data declined attractiveness for the greenback during most of today’s session in North America.

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Indicator “risk-yield” begins to decline

Posted by admin on October 20th, 2009

Now watch for the results of Caterpillar, because they can cause movement in the stock markets Strong financial results of Apple and TI earnings triggered growth in the stock markets. We are approaching our goal of an index S & P500 at 1121, however, the trend line with downward slope is the resistance and inhibits the growth of shares (today is the level of 1117). We recommend that a neutral strategy, and even sell in the case of growth of quotations.What now are the speculators? At the high liquidity and good earnings reports. But whether these factors are incorporated in the price?

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Aussie resumes its climb against the pound, but has capped gains this morning

Posted by admin on October 20th, 2009

The aussie dollar continued its upward trend yesterday, pushing on nearly one percent against the pound following bullish words from an RBA official.The Australian dollar rose as a Reserve Bank of Australia official said a move to “more normal” interest rates was appropriate, indicating that the yield gap may widen further.Philip Lowe, assistant governor of the RBA, also mentioned at the conference in Sydney that it was “appropriate” to remove monetary stimulus as the economy improves boosting demand for higher-yielding assets. The Australian currency also traded strongly during the Asian session with demand high as both the Nikkei and Shanghai Composite indices traded strongly.

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