AUDCAD Forex News

Australian Dollar Rises On Strong Consumer Inflation Data

Australian Dollar Rises On Strong Consumer Inflation Data

The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, following the release of Australia's higher-than-expected consumer prices on quarter in the first quarter of 2024.
RTTNews | 4 days ago
Antipodean Currencies Rise Amid Risk Appetite, PMI Data

Antipodean Currencies Rise Amid Risk Appetite, PMI Data

The Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Tuesday amid risk appetite, following the broadly positive cues from global markets overnight, on easing fears of a wider Middle East conflict after Iran and Israel completed 'measured' counterattacks that were calibrated to avoid any casualties. Traders also scooped up bargains ahead of the release of a slew of U.S. economic data including key reports on personal income and spending.
RTTNews | 5 days ago
Antipodean Currencies Slide Amid Risk Aversion, Geopolitical Tension Spike

Antipodean Currencies Slide Amid Risk Aversion, Geopolitical Tension Spike

Antipodean currencies such as Australia, the New Zealand and the Canadian dollars weakened against other major currencies in the Asian session on Friday, as Asian stock markets traded lower amid ongoing concerns over the tensions in the middle-east with reports of Israel retaliating to last weekend's attacks.
RTTNews | 9 days ago
Commodity Currencies Slide Amid Risk Aversion

Commodity Currencies Slide Amid Risk Aversion

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday amid risk aversion, as bond yields spiked after a report showed a much stronger than expected U.S. retail sales growth in March. The data led to renewed concerns the U.S. Fed will hold off on lowering interest rates in June. Traders also remained concerned about geopolitical tensions in the middle east.
RTTNews | 12 days ago