FOLLOW MARKETMOVES

AUD/USD update (13th Dec 2011, 15:30)

The Australian dollar found some footing today and hovered just above parity against the US dollar, but still remained under pressure as the prospect of imminent EU ratings downgrades weighed on appetite for riskier currencies.

With France at risk of losing its triple-A status (perhaps even being downgraded by two notches by S&P) as early as this week, Australia's sovereign debt offered investors a place of refuge. The government ten-year bond saw its yield fall to 3.86% as investors rushed in to protect their money, which supported the Aussie. Meanwhile, AUD/USD briefly touched a two-week low of $1.0032 amid reports that China will not help the EU without meeting certain conditions and guaranteeing investments. Later this evening at 7.15pm (London time) the Federal Reserve will hold its monthly FOMC meeting, where the Fed is expected to leave its interest rate at 0.25%.

Ahead of that, investors saw US retail sales data come in lower than expected at 0.2% in November, after a gain of 0.6% in October, though this had little effect on the trading pair.

comments powered by Disqus

All Forex News

Tags

, AUD/USD, FOMC

Trusted Firms

All Reviews
AUD/USD update (23rd April 2014, 14:00) 23 Apr 2014

The Australian dollar has slipped following softer-than-expected inflation figures.

EUR/USD update (23rd April 2014, 13:00) 23 Apr 2014

The EUR/USD is higher after the eurozone manufacturing and services report exceeded estimates.

Market Comment 23rd April 2014 23 Apr 2014

European equities are set to open mixed as traders remain cautious. 

GBP/USD update (22nd April 2014, 19:00) 22 Apr 2014

GBP/USD looks set to continue its move higher, as it consolidates above $1.68.

EUR/USD update (22nd April 2014, 18:00) 22 Apr 2014

The EUR/USD is trading around the $1.38 level as traders return from the Easter holidays

Market Comment 22nd April 2014 22 Apr 2014

European equities are set to grind higher tracking a positive session overnight in the US. 

EUR/USD update (16th April 2014, 14:00) 16 Apr 2014

The euro is higher versus the US dollar, after the level of inflation in the eurozone remained unchanged in March.

GBP/USD update (16th April 2014, 13:00) 16 Apr 2014

UK unemployment has now dipped below 7%, the initial threshold level the Bank of England introduced in August but reneged upon last month, which has s...

Market Comment 16th April 2014 16 Apr 2014

European equities are set to open higher tracking an overnight surge in the US markets. 

EUR/USD update (15th April 2014, 15:00) 15 Apr 2014

Having popped its head above the $1.39 level at the tail end of last week, EUR/USD has found itself pulled back.

Market Comment 15th April 2014 15 Apr 2014

European equities are set to open flat as they’re caught between two competing poles of sentiment. 

AUD/USD update (14th April 2014, 18:00) 14 Apr 2014

The Australian dollar is gaining ground against the US dollar, as traders prepare for the latest minutes release from the Reserve Bank of Australia.

EUR/USD update (14th April 2014, 16:00) 14 Apr 2014

The euro is under pressure against the US dollar as tensions in eastern Ukraine weigh on the currency.

Market Comment 14th April 2014 14 Apr 2014

European equities are set to start on the back foot as last week’s negative sentiment remains firmly intact. 

GBP/USD update (11th April 2014, 16:00) 11 Apr 2014

After touching $1.68 yesterday, sterling has dropped back, hit by weaker UK construction output figures.

EUR/USD update (11th April 2014, 16:00) 11 Apr 2014

If we see the euro close above $1.39 today, then it will be the icing on the cake for the currency, which has enjoyed a remarkable week.



Share this with your friends

To:
From:
Your comments:

AUD/USD update (13th Dec 2011, 15:30)

The Australian dollar found some footing today and hovered just above parity against the US dollar, but still remained under pressure as the prospect of imminent EU ratings downgrades weighed on appetite for riskier currencies.

Read more »

Connect to successful traders – join Marketmoves.com free now

Log In or Sign up

Facebook User?

You can use your facebook account to sign up with Live streaming sport.

Connect with facebook
Remember me.
Did you forget your password?