Daily Exchange Rate Forecasts

Daily Insight Category

Despite a lack of economic data yesterday, the Australian Dollar was able to edge up against the major currencies. Increasing risk-sentiment, combined with headwinds for safer currencies like the US Dollar, Euro and Pound, helped increase appetite for the ‘Aussie’. AUD made an attractive buy for investors yesterday, given that it is currently trading around [...]

Read more



Appetite for the commodity-correlated ‘Aussie’ picked up on Wednesday in the wake of a better-than-expected Chinese consumer price index. As Chinese inflation strengthened from 0.9% to 1.2% on the year in April confidence in the outlook of the world’s second largest economy improved. An improvement in copper prices also encouraged greater demand for the Australian [...]

Read more



Disappointing retail sales figures left the ‘Aussie’ on a downtrend across the board, adding to the impression of a weaker Australian economy. Sales were found to have slowed from 0.7% to 0.1% in the first quarter, pointing towards a softening in consumer confidence. Reaction to the 2017 Budget also dented the Australian Dollar, with markets [...]

Read more



A combination of poor data from at home and overseas weakened the Australian Dollar against the majority of its peers yesterday. Australian building approvals fell by -13.4% on the month and -19.9% on the year in March, vastly outpacing forecasts of -4% and -10% respectively. Meanwhile, Chinese imports grew 11.9% instead of the predicted 18% [...]

Read more



Fears of an iron ore oversupply weighed on the Australian Dollar on Friday, causing the ‘Aussie’ to slump across the board. Stockpiles of the mineral in Chinese ports continue to remain around record highs, yet Chinese steel mills are seeing weaker demand and figures from Thursday show that exports of iron ore from Australia’s main [...]

Read more



Comments from Reserve Bank of Australia (RBA) Governor Philip Lowe failed to offer any support to the ‘Aussie’ on Thursday, with the policymaker sounding another warning over the temperature of the housing market. Investors were also disappointed to find that March’s trade surplus had narrowed further than anticipated, undermining confidence in the health of the [...]

Read more



With this morning’s key US interest rate decision just around the corner, the Australian Dollar had plummeted yesterday. Markets were expecting no changes to be made at the meeting of the Federal Open Market Committee (FOMC), but have strong hopes for the June gathering. They therefore thought it likely that US policymakers would signal an [...]

Read more



As expected, the Reserve Bank of Australia (RBA) left interest rates unchanged yet again. Governor Philip Lowe opted for a neutral but relatively upbeat tone in his accompanying statement, suggesting that the central bank is likely to remain on hold for some time yet. Even so, the ‘Aussie’ came under pressure in the wake of [...]

Read more



Investors sold the Australian Dollar on Friday after credit ratings agencies warned that the government borrowing more money to finance a new railroad project could lower its credit rating. Australia currently has a prized AAA rating, but this could be jeopardised by the government’s plans to finance a new inland railway that critics say will [...]

Read more



Risk-appetite was soft yesterday, with investors wondering what US President Donald Trump’s tax plans would mean for corporations headquartered in Australia. While the tax plan was extremely light on detail, one of the few solid promises it made was that business taxes would be cut from 35% to 15%, which would take the US from [...]

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.