AUD news & headlines
Latest breaking stories, features and analysis
- The AUD/USD pair is under pressure today after the latest Australian jobs data.
- The country's unemployment rate rose to 7.0% in October, better than the estimated 7.2%.
- The number of employed people rose by more than 174,000 in October.
Latest AUD news
The Australian dollar (AUD/USD) is up by 0.10% as traders react to the relatively strong Australian inflation data. It is trading at 0.7136, which is in the same range it has been recently. Australia returns to inflation This year, Australia suffered its first recession in more than three decades because of the coronavirus pandemic. The disease has infected more than 27,000 people and killed close to 1,000, which is an impressive achievement. In...
The AUD/USD is little changed as investors digest the latest upbeat economic Chinese economic data. The pair is trading at 0.7090, which is slightly higher than Friday’s low of 0.7060. China recovery gains pace China, the source of the Covid-19 pandemic, has recovered relatively well. The country, with a population of more than 1.3 billion people, has recorded just 91,436 infections and less than 5,000 deaths. This is a considerably low amount co...
The Australian dollar (AUD/USD) is down by 0.45% as the market reacts to the rising unemployment rate and a statement by Governor Philip Lowe. The pair is trading at 0.7132, which is the lowest it has been since Thursday last week. Australia unemployment rate rises The Australian government managed the Covid-19 pandemic well. In total, the country reported more than 27,300 cases and more than 900 deaths. However, in August, a second wave emerged...
The AUD/USD pair is little changed today as traders reflect on the RBA interest rate decision and the Australian trade data. It is trading at 0.7190, which is higher than yesterday’s high of 0.7150. RBA interest rate decision The Reserve Bank of Australia (RBA) concluded its monetary policy meeting today and decided to leave interest rates unchanged at 0.25%. The bank also left the yield on the 3-year Australian Government bonds unchanged. In the...
The Australian dollar (AUD/USD) is down by about 0.30% as traders react to the relatively strong dollar and weak Australian retail sales. It is trading at 0.7160, which is lower than this week’s high of 0,7200. Australia retail sales disappoint In August, a new wave of coronavirus illness started in Australia. Particularly, the wave happened in Victoria and Melbourne, two of the country’s biggest states. To curb the spread, the government initiat...
The AUD/USD pair declined slightly as traders digested the latest China PMI data. It is also reacting to Australia’s building approvals and private sector credit data. It is trading at 0.7115, which is lower than the intraday high of 0.7147. China economy growth continues China is the most important Australia’s trading partner. In 2019, the countries did trade worth more than $235 billion. The total exports rose by 23.9% to $153 billion. China ex...
The AUD/USD pair is falling today as traders reflect on the weak economic data from Australia. The country’s exports declined in July while exports increased. In August, the services PMI declined below 50 for the first time in several months. Australia services sector contracts In August, Australia experienced a second wave of the virus leading to lockdowns in Melbourne and Victoria. As a result, these lockdowns helped slow the country’s recovery...
The AUD/USD pair declined in early trading as investors reacted to the stronger US dollar and the Australian GDP data. The pair is trading at 0.7350, which is lower than yesterday’s high of 0.7413. Australia GDP contracts in second quarter Like all countries, the Australian economy has been affected by the coronavirus pandemic. According to the Australian Bureau of Statistics (ABS), the economy contracted by 7% in the second quarter. That followe...
The AUD/USD pair jumped to the highest level since August 2018 as investors reacted to the RBA interest rate decision and strong economic data. The pair is trading at 0.7405, which is significantly higher than this year’s low of 0.5515. Australian central bank leaves rates unchanged In a statement today, the Reserve Bank of Australia (RBA) announced that it was leaving short-term rates unchanged at 0.25%. The bank also left the yield on the three...
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...