The Australian Dollar surged to the upside on Thursday, hitting a 2-1/2 year peak, on strong iron ore prices. The Aussie was also helped by a weaker U.S. Dollar, which fell in reaction to the release of weaker-than-expected jobless claims data, which increased the urgency for U.S. lawmakers to push through new fiscal stimulus before [...]
The Aussie is favored following the release of upbeat China data. The escalating tensions between China and Australia look to be capping gains. The data was released at 01:45 GMT showed China's Caixin Manufacturing PMI, which surveys the small and medium-sized export-oriented units, rose to 54.9 in November versus expectations for 53.5 following October's 53.6. [...]
The Reserve Bank of Australia's (RBA) Deputy Governor Guy Debelle was out on the wires Tuesday, stating lack of conviction in negative interest rate policy as a tool to boost inflation and employment. The central bank recently cut rates to a record low of 0.10% and has been buying bonds since the second quarter to [...]
Australian shares went down on Thursday, as a fresh cluster of COVID-19 cases sparked a lockdown in the state of South Australia while numbers in the United States also increased, denting recent optimism over promising vaccine trial results. Most businesses in South Australia will close except for some food outlets, and people will be largely [...]
