Sterling Moves Up While Aussie Dollar Falls

News Jan 25, 2019

Today (i.e., 25 January 2019) Sterling moved up to $1.31 against the US Dollar. As per the recent market news, the main reason behind this uplift was a recently published report by The Sun newspaper which says that Northern Ireland's Democratic Union...

Expected Stimulus Measures By Chinese Policy Makers Pushes Australian Dollar Flight

News Jan 16, 2019

The Australian dollar performed well across various markets yesterday (i.e., 15 January 2019), and today it is trading at AUD/USD 0.7200 (approx.). The positive movement by the Australian dollar is mainly driven by the Chinese Yuan which also climbed...

Australian Dollar: Recent Performance And 2019 Outlook

Blog Jan 14, 2019

Australian dollar witnessed significant downward pressure for most of 2018 owing to US-China trade war tension. China is the major trading partner of Australian iron ore and coal. Undoubtedly, the Australian economy is largely dependent on China?s co...

Australian Dollar Is Back In A Bull Run, Reaches 72 Cents

News Jan 14, 2019

Australian Dollar maintains its impressive recovery after taking a rebound from the lowest levels it traded at last week. It explains the strong come back of the Australian Dollar which resumed to rally against the weakened US dollar. As of 14 Januar...

Will The Australian Dollar Go Below 65 Cents?

Blog Jan 07, 2019

Many people tend to judge the strength of the Australian dollar (AUD) by its value against the euro or the US dollar. This comparison is not a real indicator of the value of the Australian dollar. A falling currency means more AUD are required to pur...

Resolute Strengthens Australian Dollar Gold Hedge-Book - Stock Price Rallied Over 6 Percent on ASX

News Dec 21, 2018

Resolute Mining Limited (ASX: RSG) is into the production of gold. It operates in mining and exploration projects at Ravenswood, Syama and Bibiani. It has more than 28 years of production experience and has produced about 8 million ounces of gold. S...

Is There Some Bad News For Those Who Trade In Australian Dollar As Central Bank Seems To Be Dovish?

News Oct 31, 2018

The Australian Economy has been struggling a lot and the key reasons are increased trade tensions between the US and China, downturn in the global markets, increased regulatory pressures for the banking sector as well as declining housing prices. The...

The Australian Dollar Has Fallen To Its Lowest Level In Years Since 2008

News Oct 26, 2018

As per the recent update the Australian dollar has depreciated to fresh multi-year lows against the greenback which was falling on Friday as a result of Chinese yuan hitting the decade low. Since May 2008 this fall of the Chinese yuan was the weakest...

News - The Australian dollar on the brink

News Oct 03, 2018

Against the greenback, the Aussie has shed 7.9 percent so far this year. The RBA?s recent decision to hold the cash rate at 1.5 per cent has blurred the currency?s outlook. The AUD dropped to as low as US 71.62c overnight, and as a proxy to China?s e...