Australia

Australian Dollar is Cruising – Market Update

The Australian dollar continues to climb, reaching a nine month high above 0.77 yesterday.  The AUD/USD is currently trading right around 0.7650 (as I write this) after being around 0.77 earlier today.   China Manufacturing Grows First Time Since June 2015 The ASX200 continues to ease and has almost closed back down below 5000 again. AUD/USD …

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AUD/USD Above 0.7650 as China Manufacturing Grows First Time Since June 2015

The Australian dollar rose toward a nine-month high after a report showed manufacturing unexpectedly expanded for the time since June in China, the South Pacific nation’s biggest trading partner. The Aussie extended gains against major peers after data earlier showed Australian manufacturing jumped to the highest since 2004. Supplying raw materials for China’s industrial activity …

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US Treasury Critical of RBA Talk

The Reserve Bank of Australia’s attempts to talk the local currency lower last year prompted criticism from the US Treasury. The US representative office at the International Monetary Fund in September “expressed concern over the authorities’ public statements on the desired direction of the exchange rate” during consultations on Australia, according to a report issued …

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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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