Australian Dollar Retreats Against Majors

RTTNews | 612 days ago
Australian Dollar Retreats Against Majors

(RTTNews) - The Australian dollar retreated against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia announced its decision on interest rates at the monetary policy meeting. As expected, the RBA raised its benchmark lending rate by 25 basis points, to 4.35 percent from 4.10 percent.

The Australian dollar fell to a 6-day low of 1.6589 against the euro, from a recent high of 1.6476.

Against the U.S. and the Canadian dollars, the aussie slipped to 4-day lows of 0.6455 and 0.8851 from recent highs of 0.6502 and 0.8908, respectively.

The aussie dropped to a 4-day low of 96.92 against the yen, from a recent nearly a 6-month high of 97.59.

Moving away from a recent 4-day high of 1.0900 against the NZ dollar, the aussie edged down to 1.0851.

If the aussie extends its downtrend, it is likely to find support around 1.68 against the euro, 0.62 against the greenback, 0.87 against the loonie, 94.00 against the yen and 1.06 against the kiwi.

read more
Antipodean Currencies Rise Amid Risk-on Mood

Antipodean Currencies Rise Amid Risk-on Mood

The antipodean currencies such as the Australia and the New Zealand dollars strengthened against other major currencies in the Asian session on Friday amid increased risk-on mood by the investors, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after U.S. President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 14h 2min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 1 day ago
Yen Falls As Traders Speculate BoJ Rate Hike Pause

Yen Falls As Traders Speculate BoJ Rate Hike Pause

The Japanese yen weakened against other major currencies in the late Asian session on Wednesday, as traders reduced their bets on an immediate interest rate hike by the Bank of Japan (BoJ) due to worries about the possible economic effects of US President Donald Trump's trade tariffs.
RTTNews | 2 days ago
NZ Dollar Falls After RBNZ Rate Decision

NZ Dollar Falls After RBNZ Rate Decision

The New Zealand dollar retreated from recent highs against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand's (RBNZ) widely anticipated decision to maintain rates constant.
RTTNews | 2 days ago