The Australian dollar fell broadly today after the RBA hinted at further monetary easing next month. This is also exacerbated by ambiguous job data as well as weaker attitudes towards risk. Now it looks like US policymakers won’t agree to a new stimulus deal ahead of the elections. US stocks have struggled to break record […]
Earlier today, the bearish momentum surrounding the Chinese yuan picked up following the decision of the People’s Bank of China (PBoC) to reduce its FX risk reserve ratio to zero. This sparked some serious bearishness around the AUD, considering the ties of the Australian economy and China. Furthermore, Gold (XAU/USD) stalled through most of today […]
The AUD/NZD spiked significantly from under 1.0600 in late July to tops above 1.1000 in August. In September, the pair experienced a major retracement, which sent it to the 0.0717 September low two weeks ago. Throughout the last week, this pair has managed to rebound higher to the 1.0850 level. However, economists at Westpac (an […]
Over the past week, the G10 currencies have been heavily stirred, following a corrective move in the US dollar (DXY). This correction has been the major driver behind the price dynamics in the FX market of late. Meanwhile, the Australian Dollar (AUD) has been one of the major underperformers, and not just as a result […]
The AUD/NZD traded on a depressing sentiment through the first four sessions last week, before finding some reprieve on Friday, after breaking below the key 1.0800 psychological line. At press time, the pair appears to have regained its footing above the psychological level at 1.0822. On Friday, the Finance Minister of New Zealand, Grant Robertson, […]
