Australian dollar

AUD/USD Meets Resistance Around 0.7650 Again – Market Update

RBA Cuts Again The RBA cut the official cash rate again to a record low of 1.5%. Read more …  AUD/USD After dropping back below 0.75 within minutes of the RBA cutting rates again on Tuesday, the Australian dollar has since rallied higher to within reach of a three month high above the current resistance …

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AUD/USD Settles And ASX200 Climbs – Market Update

The Australian dollar seems to have settled in the last month or so trading around the key 0.75 level. The AUD/USD is currently trading right around 0.7520 (as I write this). The ASX200 continues to steadily climb higher and has enjoyed a strong July. AUD/USD The Australian dollar has moved to just near 0.7650 twice …

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AUD/USD Steady Around 0.76 after RBA Sits Again

Australia’s central bank held interest rates steady for a 10th straight policy meeting on Tuesday, citing evidence of continued growth at home despite an unhelpful rise in the local dollar. Bucking the worldwide charge toward negative rates, the Reserve Bank of Australia (RBA) kept its cash rate at 2 percent in a widely expected decision. …

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RBA Expected to Sit Despite Stronger A$

Economists expect the Reserve Bank of Australia to keep interest rates on hold this week, but some are still expecting a rate cut on federal budget day in May if rates stay on hold in the United States. A Fairfax Media survey of 12 senior bank and market economists found they were unanimous that the …

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