DirectFX-phone-number-and-phone-image3.gif

p_7_top.jpg

Get a free Quote

Name
Email
Phone
From CCY
To CCY
Amount
Message
please type the characters you see:
(spam filter)
spam control image
 
p_1_top.gif

Apply now

Obligation free account and currency commentary btn_apply_for.gif
p_1_bottom.gif
Browse By Topic

FX News

Most recent FX News:

Read more

The AUD against the US dollar this week.

Written by Sam Coxhead on November 4th, 2011.      0 comments

3:15 PM (NZT) The AUD started the week very briefly on its highs and sold off almost in a straight line before stablising at support at 1.0280. From there the pair saw sideways price action before softening again following the RBA cut to the cash rate and the increasing anxiety around the European debt debacle. The AUD would no doubt be lower had it not been for a rally back from the EURO after the Greek  referendum was canceled, the further repatriation of funds back into EURO by European banks. Given the downward revisions of economic forecasts going on by central banks across the globe, general consensus is that the AUD will trade to the downside in the coming months. But the volatility will continue and spikes higher such as we saw last week remain the risk when sentiment is so weak.
 
The current interbank midrate is:                                                            AUDUSD 1.0399  
                                                                                          
The interbank range so far this week to date has been:                 AUDUSD 1.0198 – 1.0716              
 

Comments