Exchange Rate Forecasts

AUD-NZD Update Category

The Australian Dollar (AUD) rallied yesterday after jobs data released by the Australian Bureau of Statistics (ABS) indicated that job growth is at its highest since the 1980’s. While doubts surged around the validity of the data the surface result enough to raise confidence in the local economy in turn lengthening the odds of another [...]

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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) is expected to be quite volatile today due to a number of significant domestic economic releases taking place. Yesterday the Australian Dollar (AUD) fell by approximately a quarter of a percent against a basket of currencies, despite the AIG Performance of Manufacturing Index being an expansion reading of 50.4, New Home [...]

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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) is currently experiencing mixed movements against the majors and minors; with recent gains being made against the New Zealand Dollar (NZD) and US Dollar, and big losses being suffered against the Pound Sterling (GBP). Last week the Reserve Bank of Australia (RBA) proceeded to cut interest rate by 25 basis point [...]

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The Australian Dollar (AUD) softened slightly against the Euro (EUR), US Dollar (USD) and Canadian Dollar (CAD) yesterday, falling less than a quarter of one percent. It did however lose quite a bit of ground against the Sterling (GBP) overnight, falling by approximately 0.75% after making good gains against most of the majors last week [...]

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Yesterday’s Construction Work figure in Australia came in just below the indicated expansion levels. This release was good news however, as the previous month’s figure came in at an all time low of -2.8%. This month’s figure pushed the AUD up against the majors, this including NZD and USD. To help the AUD along the path of [...]

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AUDNZD…Rallies on weaker than expected inflation data The Australian Dollar (AUD) has been under pressure for over two months now against the New Zealand Dollar (NZD) for a number of reasons; one being the interest rate stance held by the RBNZ (Reserve Bank of New Zealand) that has remained hawkish throughout 2014.What has also been [...]

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Yesterday was an eventful day for the AUD/NZD exchange rate, due to a few reasons; one being an increase to the Global Dairy Trade index (GDT), the other as a result of New Zealand’s Current Account Balance. These releases both pushed the AUD/NZD towards the exchange rates lower support level. The GDT index is a [...]

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