Exchange Rate Forecasts

AUD-CAD Update Category

Monday provided a relatively stable commencement to the trading week, locally we were devoid of any economic data and the markets as a result remained trading within a limited range against all majors. The markets were solely focused on China with the release of volume high level data out of Australia’s largest trading partner with [...]

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After a slow start to the week the Australian Dollar made some gains yesterday on the back of slightly better than expected local and Chinese data. These gains continued overnight in offshore sessions to push the Australian Dollar to US Dollar exchange rate back over the 70 cent mark. At Wednesday 08:00am the AUD/USD Exchange Rate [...]

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The Australian Dollar (AUD) held steady following on from yesterday’s decision by the Reserve Bank of Australia (RBA) to keep interest rates on hold at a record low level of 2.00%. The announcement was in line with expectations and the accompanying speech did little to move the currency, however; there is increasing expectations from economists [...]

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Australian Dollar (AUD) Continues to Dwindle

Posted by:
Date: August 18th, 2015.

The Australian Dollar (AUD) had been relatively stable during this week’s trading, with only minor movement back and forth being experienced. Overnight however, the AUD lost between half and a full percent against the majors and minors after appearing to find some degree of stability earlier in the week. Yesterday the Reserve Bank of Australia [...]

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The Australian Dollar (AUD) has continued to be brutalised against the Pound (GBP) and US Dollar (USD) once again this week, trading at fresh 6 year lows against both currencies. The Australian Dollar (AUD) managed to gain some of the ground back overnight however, lifting between half a percent and a full percent against a [...]

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The Australian Dollar (AUD) has shown its first sign of decent strength this week, pushing up by approximately a full percent against the majors and minors overnight. In a week that has been relatively absent of high tier domestic data releases, the AUD succumbed to downward pressure against most of the currency board earlier in [...]

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The Australian Dollar (AUD) remained range-bound during the Australasian trading session yesterday after falling the previous night. Overnight the ‘Aussie’ (AUD) went dangerously close to reaching a new 6 year low against the ‘Pound’ (GBP) before recovering in the early hours of this morning. Yesterday the Australian economy reported on the Construction Work Done which [...]

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Today the Reserve Bank of Australia (RBA) will issue a Statement on Monetary Policy at 10:30 AEST. The RBA made the decision on Tuesday to cut interest rates by 25 basis points to 2.25% after remaining on hold for the past 18 months. The monetary policy statement will provide an insight into the timeframe and [...]

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The Australian Dollar (AUD) experienced its’ first signs of strength for the week following the Reserve Bank of Australia’s (RBA) Rate Decision and accompanying notes yesterday. The ‘Aussie’ (AUD) pushed up by approximately half of one percent against the majors yesterday afternoon, following the RBA’s decision to keep rates on hold at 2.5% for the [...]

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AUD Pushes Back UP

Posted by:
Date: October 31st, 2014.

The Australian Dollar moved up overnight by approximately three quarters of a percent against the majors overnight, with exception being the NZD, as investors poured funds into the ‘Aussie’. Overnight, the US announced their annualised Gross Domestic Product figure for the third quarter of 2014 and the forecast was that we would see a reduction [...]

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