AUD/USD

ASX200 and AUD/USD Remain in No Man’s Lan

ASX200 The ASX200 continues to trade in no man’s land between two key levels of 5000 and 5400. In the last two weeks, the resistance has lowered as sellers have entered the market lower than previously pushing the recent highs down to around 5300 from the previous resistance at 5400. The 5000 level remains the …

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AUD/USD Remains Above 0.7250 after RBA Sits Again

The Reserve Bank of Australia has left official interest rates unchanged for a seventh straight month, amid fresh evidence the economy is benefiting from a lower dollar. Board members met in Perth on Tuesday and kept the overnight cash rate at 2 per cent, as was anticipated by financial markets and analysts. Governor Glenn Stevens …

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AUD/USD Back Above 0.7250 after Stevens’ Comments

The Australian dollar jumped back towards one-month highs overnight, shrugging off a new low in iron ore prices after the RBA governor told economists they should “chill out” on the prospects for another rate cut next week. Reserve Bank of Australia’s Glenn Stevens on Tuesday evening told a gathering of business economists that he “happened …

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