AUD/USD

AUD/USD Surges to above 0.7550 after Fed Revises Rate Outlook

Local shares are poised to open higher, with the $A already surging, after the US Fed pointed to a more cautious rate rise outlook. Local jobs data pending.  The Aussie has risen 1.2 per cent. The Federal Reserve held interest rates steady, as expected, and indicated that while the US economy is strengthening, the central …

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Rallies all Around – Market Update

Last week I said there were signs of life and this week the optimism has continued. The Australian dollar continues to defy the odds and is no doubt starting to concern the RBA again. I wouldn’t have believed you a month ago had you suggested the AUD/USD could move to above 0.75 and its highest …

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Signs of Life – Market Update

The Australian dollar continues to defy the odds and after dropping back down below 0.72 for a few days, it has surged higher.  As I type this on Friday afternoon, it is edging closer to 0.7390 which is the high from early December. The ASX200 has edged a little higher and remains above the key …

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AUD/USD up to 0.7130 after RBA Sits at 2%

Australia’s central bank held its policy nerve as global ructions and a higher currency add another layer of difficulty to an economy already grappling with weaker employment, low wage growth and tumbling investment. Reserve Bank of Australia Governor Glenn Stevens and his board left the cash rate at 2 percent Tuesday, as forecast by all …

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