Daily Exchange Rate Forecasts

Daily Insight Category

Investors weren’t in the mood for risk yesterday, so the Australian Dollar weakened. ‘Aussie’ demand took a hit over the weekend after the International Monetary Fund (IMF) warned that Australia could get caught in a low inflation trap if it did not halve interest rates to 0.75% within the next six months. The report goes [...]

Read more



CAD Boosted by Above-Forecast Jobs Data

Posted by:
Date: February 13th, 2017.

The Australian Dollar was bullish on Friday due to the contents of the latest Reserve Bank of Australia (RBA) Statement on Monetary Policy. Although revising its growth forecasts for the coming three quarters lower, the RBA cheered investors by brushing off suggestions the Australian economy saw recession in the second half of 2016. While the [...]

Read more



Recent comments from Reserve Bank of Australia (RBA) Governor Philip Lowe suggested policymakers were not concerned about the Australian Dollar being overvalued. This lowered the odds of policy adjustments by the RBA to try and weaken the ‘Aussie’ and so investors quickly bought into AUD, driving exchange rates higher. The Governor also continued to hold [...]

Read more



It was a sparse data day across the board yesterday, but the Australian Dollar was able to make modest gains on the back of a strong performance from the commodity markets. Iron ore bounced after two days of decline, registering a 3.3% recovery. Sentiment towards Australia’s key export was boosted further after Rio Tinto, one [...]

Read more



The Australian Dollar was on mixed form yesterday, but losses were largely the result of profit-taking following the Reserve Bank of Australia’s latest policy announcements. The board held rates at 1.5%, as had been expected, while signalling that the freeze could remain in place for some time. The fact the RBA left growth forecasts at [...]

Read more



Domestic data yesterday was largely positive, but a dovish 2017 forecast for Australia from Credit Suisse weakened the ‘Aussie’. According to the bank, the Australian economy is unlikely to see much of a pick-up in the final quarter of 2016 from the -0.5% contraction seen in Q3. Most alarmingly, Credit Suisse expects the Reserve Bank [...]

Read more



Weakness in the US Dollar saw the Australian Dollar climbing on Friday, helping the currency forget a lacklustre performance earlier in the morning. The AiG performance of service index for January fell from 57.7 to 54.5, while China’s Caixin PMI weakened more-than-forecast to 51. However, appetite for the ‘Greenback’ was severely dampened and so the [...]

Read more



Demand for the ‘Aussie’ surged in the wake of December’s trade balance figure, which bettered forecasts as the surplus widened from 2.0 billion to 3.5 billion. While much of this strength was attributable to the sharp increase in commodity prices seen at the end of the year, the data nevertheless boosted confidence in the outlook [...]

Read more



The Australian Dollar was on mixed form yesterday. The AiG performance of manufacturing index for January dropped from 55.4 to 51.2, although other data was positive. The RBA commodity index climbed from 116.1 to 120.9. Additionally, the Chinese manufacturing PMI for January only weakened by ten basis points – half what was forecast – to [...]

Read more



The Australian Dollar was the weakest of the three key commodity Dollars yesterday, despite a run of positive domestic data. Consumer confidence edged higher in the week ending January 29th, climbing over one point to 118.1. NAB business conditions and confidence scores both rose, the former more than doubling and private sector credit data showed [...]

Read more



© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.