Recall yesterday’s talk about the trading pattern that had existed for four consecutive days? Well, that was thrown to the roadside yesterday, as the US session went back to beating on the euro (EUR), and other currencies…
[Read more...]Strong Chinese Exports Cause Aussie Dollar to Soar
March 10, 2010 By Leave a Comment
Yesterday’s price action in the currencies versus the dollar was a drag, man… We did, however, see the higher yielding currencies begin to move away from the pack of currencies led by the euro (EUR). That move higher by the likes of Australia (AUD), Brazil (BRL), South Africa (ZAR), and others, carried over through the overnight sessions, so, as we start today, they are stronger versus the dollar… In fact, the Aussie dollar is near a 7-week high this morning.
[Read more...]GDP and Dollar Growth: It’s All Happening in Australia
March 3, 2010 By Leave a Comment
I have to say front and center this morning, that while it may have taken the currency traders half a day to realize that Australia had raised rates, they finally began pushing the Aussie dollar (AUD) higher versus the green/peachback. I was beginning to think that I would have egg all over my face again, when the Aussie dollar didn’t respond right away… But it was all right on the night.
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Aussie Dollar Rallies on PM Change
Front and center this morning, Julia Gillard became Australia's first female prime minister after Kevin Rudd stepped aside as leader of the governing Labor Party, paving the way for the government to drop a controversial new 40% levy on mining profits that has damaged its standing in voter polls.
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