economic forecast aussie dollar

Aussie Dollar Weaker Against Majors

The Aussie dollar is weaker against majors on Thursday after a bout of lower tier economic data for the region and comments from Chinese officials, who remain vague about promises of more stimulus.Australia posted a A$970 million trade surplus in January, against forecasts for a A$1.1 billion surplus and previous A$598 million reading in December. The Aussie dollar is down 1 cent at 0.6395 USD.Australian building approvals fell 3.7% month-over-month in January, despite forecasts for a smaller

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Rising Optimism Helps Boost Aussie Dollar to Weekly High

The Australian dollar benefitted from rising optimism on Wednesday and traded near weekly highs against the U.S. dollar.Early in the session, the Aussie dollar sold off sharply following worse-than-expected fourth-quarter GDP. AUD/USD hit session lows at 0.6286 USD after economic growth fell 0.5% in the fourth quarter. Economists were expecting a 0.2% increase. The cross was quick to recover after the release of reports that the Chinese government will add more money to its existing $585 billion

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Japanese Yen Falls Lower on Economic Uncertainty

USD/JPY is trading near recent highs and a weaker outlook for the Japanese economy could lead to further losses in the yen, according to currency strategists.The U.S. dollar has made significant gains against the Japanese yen on Tuesday following Monday's sharp sell-off. USD/JPY continues to hold on to major gains, trading above 98.00 JPY. The cross has seen a steady rise since hitting session lows at 97.00 JPY in overnight trading. The yen is one of the

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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AUD/USD: The Aussie continues climbing; trades around 0.7400

FXstreet.com (Barcelona) ? The Australian Dollar has rallied from 0.6990 low on April 28th to reach maximum levels at 0.7425 on Tuesday?s Asian session, approaching resistance level at 0.7475.According to the E-Forex Team, 0.7475 is an important long-term resistance level: ?The Aussie dollar trades comfortably around the .7400 mark today and is approaching the longer term resistance at .7475/00 - 38.2% retracement of the large decline from .9845 to .6005.?The AUD shows a bullish trend in hourly and daily charts,

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Aussie Dollar Weaker Against Majors

The Aussie dollar is weaker against majors on Thursday after a bout of lower tier economic data for the region and comments from Chinese officials, who remain vague about promises of more stimulus.Australia posted a A$970 million trade surplus in January, against forecasts for a A$1.1 billion surplus and previous A$598 million reading in December. The Aussie dollar is down 1 cent at 0.6395 USD.Australian building approvals fell 3.7% month-over-month in January, despite forecasts for a smaller

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Japanese Yen Lower After Japan Promises to Back U.S. Spending Calls

In the aftermath of strong support for U.S. calls on global spending from G20 nations, and a massive rally in U.S. equities spilling into global markets, the Japanese Yen finds itself weaker against major currencies on Friday.USD/Yen is trading up 0.62 points to 98.34 in mid-European trade.A 4.07% rally in U.S. equity markets on Thursday translated into a 5.15% gain in the Japanese Nikkei and a 4.37% pickup in the Hang Seng.Meanwhile Japanese Finance Minister Kaoru

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Dollar: Quiet start of the week

FXstreet.com (Buenos Aires) - With dollar lower past Friday against most rivals except for Japanese Yen, early trading opened quiet with Euro around 1.3260, Gbp above 1.4900 and Japanese Yen quoting at 99.30. Risk appetite persisted despite light trading because of bank holiday in several key European countries, and will probably extend during next journeys. Japanese Yen is set to lose ground under these conditions, with global stocks markets rallying, and turn investor?s intentions in the currency, from safe-haven to

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Forex: AUD/USD: The Aussie bounces up at 0.7450, approaching 0.7540/50 area

!--TITOL: h1Forex: AUD/USD: The Aussie bounces up at 0.7450, approaching 0.7540/50 areaFITITOL--FXstreet.com (Barcelona) - Australian Dollar's weakness has hit a new week and a half low at 0.7450 on early Asian session although the AUD has strengthened to reach levels below 0.7540/50 resistance level on early European session.br /br /According to the a href=http://www.fxstreet.com/technical/forex-forecasts/daily-recommended-trades/2009-05-18.htmlE-Forex /ateam, Aussie´s decline to 0.7450 was just a corrective decline, and Australian Dollar mighr take off from current levels: The move to .7450 is rather corrective

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Rising Optimism Helps Boost Aussie Dollar to Weekly High

The Australian dollar benefitted from rising optimism on Wednesday and traded near weekly highs against the U.S. dollar.Early in the session, the Aussie dollar sold off sharply following worse-than-expected fourth-quarter GDP. AUD/USD hit session lows at 0.6286 USD after economic growth fell 0.5% in the fourth quarter. Economists were expecting a 0.2% increase. The cross was quick to recover after the release of reports that the Chinese government will add more money to its existing $585 billion

economic forecast aussie dollar - why dollar is rising vs re - australian dollar rising 2009