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1 day ago · Home / Forex Analysis / Aussie drifts lower after data miss. Aussie drifts lower after data miss. Posted by: Market Pulse in Forex Analysis 10 mins ago Rates were …
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Rates in both Pacific countries remain at record lows and will remain there for some time yet. The Aussie and Kiwi Dollars once offered fat interest-rate premiums over the greenback.
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Exchange Rates. THE Australian dollar has crept higher, extending its post-gross domestic product rally against a defensive US counterpart. THE Australian dollar has fallen to its latest level in over four forex, dragged down by lower US stocks and metals prices.
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Dollar tumbles as Powell sees rates just below neutral
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Aussie, NZ Dollars at Risk if RBA and RBNZ Miss Rate Hike Boat
The Aussie dollar plunged about 9% this year due to record-low interest rates and trade war concerns between the U.S. and China. Meanwhile, the USD/JPY pair was up 0.1% to 113.21.
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Aussie australia hit by iron ore fall News Australian dollar is lower against its US counterpart, pulling back from a multi-week high amid a sharp fall in the price of iron ore. Nevertheless, the Australian dollar is one of the five most forex traded currencies latest the market.
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Due to its relatively high interest rates, the Australian Dollar is often used in carry trades with the Japanese Yen. A carry trade is a strategy in which a currency with low interest rate is sold in order to buy a currency with a higher interest rate.