Aussie traded low against the greenback today as a reaction to the Reserve Bank of Australia (RBA) monetary policy announcement on early Tuesday. At their October monetary policy meeting, the Reserve Bank of Australia (RBA) board members decided to keep the official cash rate (OCR) unchanged at a record low of 0.10%.The board has decided [...]
The Aussie is under pressure today among skids in global stock markets and an increase in bond yields that will make the U.S. dollar a more attractive investment. The comments by members of the Federal Reserve have boosted rising energy prices and inflationary concerns and push the U.S. yields and the dollar into higher. Meanwhile, [...]
The Australian Dollar has been traded on the peak mostly during Friday’s trading session. Reports from Evergrande USD bondholders did not yet receive interest payments mere hours before the deadline. That roughly amounts to US$83.5 million. There was no immediate reply from the company as the world continues watching China for a potential liquidity crisis. [...]
Aussie pair has eased from the daily high as investors reconsider the risks associated with the Evergrande repayment announced on Thursday. The Aussie pair are consolidating their losses of the previous four days after China's headlines provoked a dangerous mood. China accounts for more than 35 percent of Australian exports. This bias is serious. Although [...]
