Forex

AUD rises as job data lifts FX traders

December 17, 2020 01:16 PM AEDT| By Team Kalkine Media

Australian Dollar is on an upside run against the US Dollar today. Currency traders are speculating relatively better economic conditions compared to the United States. Interest rate differentials on the sovereign yields of two countries are.....

Australia Dollar Going Strong and Here’s Why

December 09, 2020 02:15 PM AEDT| By Team Kalkine Media

Australian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....

Kiwi Dollar Reclaims USD 0.7000 Mark, What’s Bolstering the Home Currency?

November 29, 2020 12:00 AM AEDT| By Team Kalkine Media

Kiwi dollar once again reclaimed the USD 0.7000 mark after the currency climbed the price ladder swiftly to trade at USD 0.7040 (intraday high on 27 November 2020) in two years. The jump in the domestic currency has been primarily led by a recovery.....

How are the Aussie and the Kiwi Dollar Looking on the Charts?

October 07, 2020 01:31 AM AEDT| By Team Kalkine Media

AUD/USD: Entering Primary Uptrend Corridor AUD/USD broke out of the downward sloping trendline in the last quarter and is now taking support at USD 0.7128 level. The ability of the currency to sustain the present breakout would decide the future d.....

Lens over New Zealand Government debt, what does it mean for the NZD?

October 05, 2020 12:00 AM AEDT| By Team Kalkine Media

New Zealand is currently facing the worst recession, it has ever seen in the last few decades after the country imposed strict measures to control the spread of coronavirus. On 18 September, Stats NZ disclosed that NZ economy shrank by 12.2% in the.....

How are AUD and Yuan Faring Against the Greenback?

September 22, 2020 03:03 PM AEST| By Team Kalkine Media

While the COVID-19 pandemic initially spurred a rally in the US dollar amidst heightening worries over the virus crisis, the greenback seems to be on the brink of ending its long-run bull cycle. The US Dollar index (DXY), which traces the America.....

As Canada Props Economy, Loonie Gathers Fragile Strength

August 03, 2020 11:00 PM AEST| By Team Kalkine Media

Summary The Canadian dollar touched a three-year low against the US dollar in March as the pandemic decimated markets The currency is gently gaining grounds, with loonie trading at 0.74x times the US dollar by end of second quarter Canada&rsqu.....