Posted by OFX AUD - Australian Dollar The Australian dollar bounced off lows through trade on Monday, pushing back through 0.65 as broad-based US weakness and an upturn in risk demand helped counter the recent downward correction. AUD/USD: 0.6460 - 0.6580 Yahoo News Video. AUD/USD Video 24.02.20 It's not until the virus gets under control that I think that the Australian dollar will have a shot at having a stronger rally. That doesn't look to be the case in the short term, so I suspect that what we are looking for here is the opportunity to short the market every time it rallies. AUD/USD Video 28.02.20 The Australian dollar of course is very sensitive to what goes on in Asia, and then by extension China. As long as there is a lot of disruption in China, it will have a major influence on what happens with the Australian economy, as they supply so much in the way of commodities and raw materials for the Chinese economic OFX Daily Market News. Posted by OFX . AUD - Australian Dollar. The Australian Dollar bounced off decade lows Thursday, buoyed by broad based US dollar weakness. Despite a sustained risk off environment the AUD crept higher to touch intraday highs at 0.6589 as investors repositioned US monetary policy expectations. Get your FREE Australian Dollar to US Dollar (AUD/USD) live streaming and up-to-date data, quotes & prices, charts, rates, analysis & forecasts. GBP and US Dollar in Focus. Coronavirus News
The catalyst behind the move is the news that China's manufacturing sector managed to stay in expansion territory this month. China's official Purchasing Managers index was 50.2, a tick above the 50.1 forecast and exactly the same as November's reading. At 08:36 GMT, the AUD/USD is trading .7006, up 0.0011 or +0.16%. The Australian dollar fell significantly during the trading session on Tuesday, AUD/USD Price Forecast - Australian Dollar Rallied Slightly Into The Weekend. Yahoo News Australia. The Australian dollar has bounced a bit during the trading session on Monday as Jerome Powell said on late Friday that he was prepared to help the AUD/USD Video 03.03.20. Yahoo News Australia. The Australian Dollar rose in sympathy with its counterpart currency and in reaction to positive economic data. Both the Kiwi and the Aussie are also being underpinned by increased demand for higher-yielding currencies. At 05:48 GMT, the NZD/USD is trading .6461, up 0.0057 or +0.89% and the AUD/USD is at .6731, up 0.0017 or +0.26%. New Zealand
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The Australian dollar has been hammered during the trading session on Friday, but at this point it's likely that the market will have to bounce a bit due to the fact that it is oversold. Granted, the Australian dollar is highly sensitive to the Chinese economy and what's going on there, which of course is getting crushed by the coronavirus situation. The price action suggests AUD/USD and NZD/USD traders were heavily over-weighted to the downside and needed to rebalance after U.S. Treasury yields plunged following the release of the weaker-than-expected U.S. Manufacturing and Services PMI reports.
AUD/USD (AUDUSD=X). Add to watchlist. CCY - CCY Delayed price. Currency in USD. 0.5801+0.0061 (+1.0557%). At close: 20 March 10:28PM GMT. AUDUSD=X, AUD/USD, 0.5805, +0.0064, +1.12%. NZDUSD=X, NZD/USD, 0.5712, +0.0036, +0.63%. EURJPY=X, EUR/JPY, 118.4500, +0.1800, +0.15%.