The Aussie dollar bounce may be short lived
Yesterday traders saw the Aussie dollar lose ground as sentiment shifts away from risk only to flip today to more risk on, making the Aussies the strongest currency today.
Tag Archives: FXA
Aussie dollar hit hard by euro zone
Traders have been ditching risk assets all week, but today the market is seeing an increased move out of the riskier assets that started in the Asian and European sessions overnight.
Brazilian iron could be about to become interesting again
If you thought metal prices — and iron ore in particular — were still all about China, you would be right. However, Brazilian monetary policy can make the difference between a profitable miner and one to avoid.
Euro zone manufacturing contraction sends traders seeking safety once again
The euro zone PMI disappoints across the board.
Commodity currencies forced to dance as new risk flight calls the tune
Risk sentiment has been beaten up all week as traders head into the weekend and the Chinese manufacturing numbers – followed by New Zealand’s gross domestic product report — put another nail into the commodity currencies’ coffin.
Aussie outlook darkening with China clouds
Australia is the ultimate commodity-driven country, with a greater emphasis on natural resources for export than Canada or even gold-rich South Africa. This is why the Australian currency is considered the ultimate risk trade, and thanks to the new tone on China the Aussie rally has started looking long in the tooth.
Aussie dollar sells off after Chinese fuel price hike
Commodity prices were under pressure in overnight trade as risk appetite came under pressure during European trading on the news that China raised fuel prices. China increased gasoline prices by 7% and for diesel by 7.8%.
Getting ahead of the Fed after today’s job report
The futures are flat as traders focus their attention on today’s non-farm payroll report. The numbers are likely to spark even bigger than usual speculation around the Fed’s policy meeting next week.