December 9th, 2009
The Aussie Dollar retreated overnight as a result of further concerns from international markets saw continued selling of riskier assets and currencies. Whilst managing to hold above 0.9000USD, the Aussie could find itself lower today if local data fails to impress.Last night, ratings agency Fitch lowered Greece’s Read Full Article »
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December 8th, 2009
The markets have taken a step back from the traditional driver of good news equals risk appetite. The Greenback continues to gain off the back of Friday’s positive jobs report. Breaking a trend seen for the last 18 months the positive data provided support for the Greenback instead of the purchase of risk. After a lacklustre Read Full Article »
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December 7th, 2009
The Aussie Dollar fell away on Friday night against the USD as US data bettered expectations. Speculation grew that the US Fed may increase interest rates sooner than expected helping the USD rally against a basket of currencies.
This is the first time that positive data in the US supported their currency. It’s a significant corner that has been turned and worth noting. As further data is released that supports an early rise to interest rates in the Read Full Article »
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December 3rd, 2009
The Aussie Dollar traded in a tight range compared to what we have seen recently with a push to 0.9300 against the USD falling short overnight. With no major data released yesterday, the Aussie took direction from the local equity market which finished higher after the strong lead in from Wall St.
Amongst the limited releases last night, the US Fed released their Beige Book. The Beige Book is a report on economic conditions and showed that 8 out of the 12 districts in the book reported a Read Full Article »
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December 1st, 2009
The safe haven allure of the Greenback started to wane on Monday as investor fears over Dubai World’s troubles abated slightly. The UAE Central Bank has offered a cash injection to Dubai’s banks to limit any potential economic fallout. The Aussie retracted from multi week lows to open the session back above 0.9100 against the US Dollar, whilst recovering two cents against the Japanese Yen.
Surprising upbeat regional business activity for the US also weighed on the Greenback with the dollar index ending the session down slightly. Gains across equity markets were capped as Read Full Article »
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