AUD news & headlines
Latest breaking stories, features and analysis
- The AUD/USD declined as impacts of the second wave outbreak in Australia emerged.
- Data from Markit and Commonwealth Bank showed that services PMI declined to 49.0 in August.
- Another data from the bureau of statistics showed that exports declined by 7% in July.
Latest AUD news
The AUD/USD pair is up slightly as investors react to the minutes by the Reserve Bank of Australia (RBA). It is trading at 0.7218, which is higher than yesterday’s low of 0.7110. RBA minutes review The Australian central bank held its monthly monetary policy meeting on 4th August. In the meeting, the bank decided to leave interest rates unchanged at 0.25% as most analysts were expecting. In the minutes, the bank said that the Australian economy w...
The AUD/USD pair eased slightly today as traders reflected on the stronger US dollar, China trade numbers, and the economic outlook information from the RBA. The pair is trading at 0.7205, which is slightly below yesterday’s high of 0.7240. China exports rebound The AUD/USD pair tends to react significantly to data from China. That is because of the vast amount of trade the two countries do. According to Australia’s trade agency, the two countrie...
The AUD/USD pair sparked higher after impressive data from Australia. The pair is trading at 0.7185, which is slightly above Monday’s low of 0.7065. It is also slightly below last month’s high of 0.7225. Australia services sector rebound The AUD/USD pair has been among the best-performing pairs in recent months. The pair has climbed by more than 24% after bottoming at 0.5500 in March this year. In contrast, the New Zealand dollar has climbed by a...
The AUD/USD pair is little changed during the Asian session as traders reflect on the RBA interest rate decision, retail sales, and trade numbers. The pair is trading at 0.7125, which is above yesterday’s low of 0.7076. The Australian dollar is equally little changed against peer currencies like the New Zealand dollar and the euro. RBA leaves rates unchanged The Reserve Bank of Australia (RBA) left interest rates and the three-year target unchang...
The AUD/USD pair declined slightly during the Asian session as traders reflected on the strong economic data from Australia and China. The pair is trading at 0.7136, which is a few pips above Friday’s low of 0.7125. Australian manufacturing sector grows The manufacturing sector in Australis is relatively small. The latest numbers showed that the sector is responsible for about 5.8% of the entire economy. Services control about 62.7% of the econom...
The AUD/USD pair rose during the Asian session as traders reacted to the RBA minutes and a speech by Governor Philip Lowe. The pair is trading at 0.7022, which is a few pips below the June high of 0.7060. The Australian dollar rose by 0.20% against the kiwi, 0.10% against the sterling, and 0.18 against the euro. AUD/USD reacts to RBA minutes The Reserve Bank of Australia (RBA) released the minutes of the interest rate meeting held on July 7. In t...
The AUD/USD pair declined slightly as the rising coronavirus cases outweighed the strong economic data from the country. The pair is trading at 0.7000, which is below this week’s high 0.7035. Australia reports impressive jobs numbers The AUD/USD reacted mildly after Australia released impressive jobs numbers. According to the statistics office, the country created more than 210,000 jobs in June as the country continued to reopen. This number was...
The AUD/USD pair was little changed as traders reflected on the Reserve Bank of Australia (RBA) interest rate decision. The pair is trading at 0.6970, which is slightly below the day’s high of 0.7000. RBA interest rate decision The Australian central bank left interest rate unchanged at 0.25%, which was in line with what most analysts were expecting. It also left its yield control intact, meaning that the three-year bonds are yielding at 0.25%. I...
The AUD/USD rose slightly as traders reacted to the latest services and retail sales numbers from Australia and China. The pair is trading at 0.6929, which is higher than this week’s low of 0.6835. It has gained in each day this week. Australia retail sales jump Australians shopped more in May as the country reopened following the coronavirus shutdowns. According to the Australian Bureau of Statistics, retail sales jumped by 16.9% in May after fa...
The AUD/USD pair rose slightly during the Asian session as traders reacted to the upbeat Australian trade numbers. They are also reacting to the FOMC minutes released yesterday, the rising number of coronavirus cases in the US, and the NFP data. Australia record trade surplus Australia recorded a record trade surplus in May as the country reopened following the recent lockdowns. Data from the Australian Bureau of Statistics (ABS) showed that the...
The AUD/USD pair was little changed during the Asian session as traders reacted to the upbeat manufacturing PMI data from Australia and China. The pair is trading at 0.6900, which is higher than yesterday’s low of 0.6835. Australia manufacturing makes a comeback The Australian manufacturing sector made some positive strides in July as the country continued to reopen. That is according to the latest manufacturing PMI numbers from the Australian In...
The Australian dollar and Chinese yuan will be in the spotlight when the markets open later today. The AUD/USD and USD/CNY pair will react to the latest industrial profits data from China and the rising coronavirus cases in Australia. China industrial profits point to a recovery The Chinese industrial sector made a modest recovery in May, according to the latest numbers from the statistics office. The data showed that profits bounced back by 6 pe...
The AUD/USD pair rose slightly after some positive data from Markit and Commonwealth Bank. The pair is trading at 0.6912, which is slightly higher than the intraday low of 0.6800. Australia manufacturing and services PMI improve Australia, like New Zealand, has been credited for its handling of the coronavirus pandemic. In total, the country recorded about 7,400 infections and about 100 deaths. The number of daily infections has declined from a p...
The Australian dollar is the best-performing currency in the developed world in the past few weeks. The AUD/USD pair has risen by more than 8.5% while the AUD/EUR and AUD/GBP have gained by 5% and 7% respectively. As a result, the currency has become a clear gauge of the post-coronavirus recovery. China recovery China is the most important country for Australia. It is the sixth-biggest trading partner for the second-biggest economy in the world....
The AUD/USD pair continued with the upward momentum as the market reacted to the RBA interest rate decision and the record current account data. AUD/USD reacts to RBA interest rate decision The AUD/USD rallied after the RBA held its key policy rate unchanged at its current record low and hinted that the rate will remain like this for a while. The bank left its cash rate unchanged at 0.25 per cent, in a development that was anticipated by most ana...
The Australian dollar is the best-performing currency in the developed world today as investors focus on the improving business conditions in Australia and China. Investors are also focused on the RBA interest rate decision that will be released tomorrow. The AUD/USD is up by 1% and is trading at 0.6730 while the GBP/AUD and EUR/AUD are trading at 0.5432 and 0.6054, respectively. Australia manufacturing PMI The manufacturing sector in Australia c...
The AUD/USD pair dropped by more than 0.60 per cent after the latest composite PMI data by Markit. The market is also concerned about the brewing trade conflict between Australia and China. Australia manufacturing and service activity disappoints Business activity in Australia went through significant challenges in May, according to the latest data from Markit and Commonwealth Bank. In May, the flash manufacturing PMI in Australia dropped from 44...