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AUD/USD

AUD/USD trading - RBA Meeting Minutes - 21 Feb 2017

AUD/USD trading chart 21 Feb 2017
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The Reserve bank of Australia published the meeting minutes from the early February monetary policy meeting. The minutes showed the central bank maintaining an upbeat picture on the Australian economy. Despite the optimism from the RBA, the Australian dollar failed to hold on to the gains from yesterday as prices were seen trading bearish since the open.

AUD/USD trading - NAB Business confidence - 14 Feb 2017

AUD/USD trading chart 14 Feb 2017
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The Australian dollar was seen posting steady gains on Tuesday after data suggested that business conditions improved strongly in the nine-years to January. Data from the National Australia Bank's (NAB) business conditions index showed an increase from +9.9 registered previously to +16.2 in January marking a 9-year high in the index.

AUD/USD Trading - Australia Retail Sales - 06 Feb 2017

AUD/USD Trading chart 6 Feb 2017
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The Australian dollar is seen to be trading weaker this morning after retail sales for December contracted by 0.1%, which was in contrast to the expectations of a 0.3% increase. The U.S. dollar is also showing some signs of strength after the greenback turned weaker on Friday following the January payrolls report.

AUD/USD Trading - Midyear Budget - 19 Dec 2016

AUD/USD Trading chart 19 Dec 2016
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The Australian dollar was seen trading slightly weaker against the greenback even as the euro and the yen strengthened in early trading today. The focus was the Australian government mid-year budget update which comes amid broad concerns that the deterioration in the budget deficit could trigger ratings downgrade from the coveted AAA sovereign credit rating.
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