The Australian dollar has had a moderate spike upwards on the back of promising Chinese manufacturing data. The local currency traded at the very bottom of US70� throughout Thursday morning and reached a low of US69.9� as the US dollar followed ...
The Australian Dollar will see domestic monetary policy considerations return to the spotlight after weeks of focus on external forces as the Reserve Bank of Australia convenes for an interest rate decision.
The Australian dollar shrugged off new evidence that the housing construction boom is in slowdown, sustaining its value at almost US70� before important releases from China on Thursday that could whipsaw the currency.
All the biggest trading floors in the world have screens locked on ForexLive™. We provide real-time forex news and analysis at the highest level while making it accessible for less-experienced traders.
The Australian dollar gained half a cent on Tuesday night to push back to more than US70� after stabilisation in Chinese, European and United States stock exchanges, as well as a minor pick-up in commodity prices.