TorFX market updates provide analysis of various exchange rates in order to keep our clients up-to-date with the latest currency news.
By keeping our clients informed, we can enable them to take full advantage of the foreign exchange rate trends, helping them to achieve the maximun return when they decide to trade their chosen currency.
Posted by Louisa Heath on September 22nd, 2017.
Demand for the ‘Aussie’ weakened sharply on Thursday in response to the latest commentary from Reserve Bank of Australia (RBA) President Philip Lowe. As Lowe’s words seemed to imply that the central bank is still some way from considering any tightening of monetary policy this left AUD exchange rates on the back foot. The relative [...] Read more
Posted by Louisa Heath on September 21st, 2017.
While the Westpac leading index showed another month of negative growth in August this failed to particularly weigh on the Australian Dollar. Markets maintained a positive view of the ‘Aussie’ on the back of the more hawkish nature of the Reserve Bank of Australia’s (RBA) meeting minutes, with investors speculating that interest rates could rise [...] Read more
Posted by Louisa Heath on September 20th, 2017.
As the Reserve Bank of Australia (RBA) took a more optimistic view on the domestic economy this encouraged the ‘Aussie’ to trend higher against many of the majors. Even so, while the RBA sounded more upbeat this did not boost the odds of any interest rate hike coming in the near future. A solid uptick [...] Read more
Posted by Louisa Heath on September 19th, 2017.
In the absence of any fresh North Korean missile tests the general sense of market risk appetite picked up once again. This offered support to the Australian Dollar at the start of the week, although the antipodean currency struggled to gain ground against some of its more bullish rivals. With markets showing an increasing lack [...] Read more
Posted by Louisa Heath on September 18th, 2017.
Confidence in the ‘Aussie’ faltered somewhat in response to the news that North Korea had fired another missile over Japan. The ensuing escalation in global geopolitical tensions weighed on the commodity-correlated currency, giving investors little reason to buy into the Australian Dollar on Friday. However, as the latest raft of US data proved rather disappointing [...] Read more
Posted by Louisa Heath on September 15th, 2017.
While the Australian unemployment rate held steady at 5.6% in August the headline employment change figure strongly bettered expectations. An increase in the participation rate also helped to buoy the ‘Aussie’ on Thursday, dismissing worries over the resilience of the labour market. However, the Australian Dollar struggled to make particular gains on the back of [...] Read more
Posted by Rewan Tremethick on September 15th, 2017.
The Australian Dollar has slipped against the US Dollar today, with the US Dollar being pushed up by forecast-beating inflation figures. The latest US consumer price data has generated optimism with relation to next week’s Federal Reserve interest rate decision. Today’s headline Australian news has been that employment is improving across the country. This has [...] Read more
Posted by Louisa Heath on September 14th, 2017.
A solid uptick in the Westpac consumer confidence index for September helped to shore up the ‘Aussie’, although the measure still remains in relatively weak territory. This suggested that the mood within the domestic economy is improving, boding well for consumer spending and the wider economic outlook. However, as markets started to brace for this [...] Read more
Posted by Louisa Heath on September 12th, 2017.
As the weekend passed without any escalation in the tensions surrounding North Korea this encouraged a resurgence in market risk appetite. With investors piling back into higher-yielding assets once again this offered the Australian Dollar some degree of support, even in the absence of any fresh domestic data. However, the ‘Aussie’ failed to make gains [...] Read more
Posted by Louisa Heath on September 11th, 2017.
The mood towards the ‘Aussie’ improved somewhat on Friday as July’s home loans data overshot market expectations. As the measure jumped 2.9% on the month, as opposed to the forecast 1.0%, this suggested that the domestic housing market is in a stronger state of health than previously thought. This also points towards a higher level [...] Read more