Australian dollar

Can a Dollar Floor Be Found Soon?

October 22, 2010

Last week was just full of surprises.  Monetary policies around the world became more diversified.  A tightening interest rate cycle began in China, and ECB officials showed more willingness to scale back unconventional measures.  Other central banks, for example those in Canada and Brazil, put rate normalization programs on pause, and a third group including […] More

Softer Dollar With Few New Data Releases

September 17, 2010

The greenback lost 1.0% and 0.9% against the New Zealand and Australian dollars.  The AUD touched a new 2010 high of USD 0.9472.  These commodity-sensitive currencies got a lift from net overnight gains of 0.8% in oil and 0.7% in gold.  The latter hit a new record high of $1284.40 per ounce, while oil is […] More