- 18 May 2012
Aussie benefits from positive asian data
The Australian dollar was able to move up vs. the USD following positive Japanese news during morning trading yesterday. Additionally, disappointing manufacturing data out of the US caused the AUD/USD to move up further. Overall, the pair was up almost 60 pips during European trading, reaching as high as 0.9951 during the afternoon session. The aussie was not as fortunate against the safe-haven Japanese yen. The AUD/JPY fell close to 100 pips over the course of the day, reaching as low as 79.04.
- 14 May 2012
Aussie resumes bearishness following brief gains
The Australian dollar saw brief gains during European trading on Friday before resuming its bearish trend against the safe-haven US dollar and Japanese yen. The AUD/USD was up over 50 pips in mid-day trading, reaching as high as 1.0076 before erasing its gains during the second half of the day. The pair eventually closed out the week at 1.0019. Against the yen, the AUD traded as high as 80.55 before staging a downward correction to finish Friday's session at 80.08.
- 03 May 2012
Risk aversion leads to aussie losses
The AUD took losses against both the Japanese yen and US dollar throughout trading yesterday, following disappointing euro-zone and US indicators that led to increased risk aversion in the marketplace. The AUD/JPY, which earlier in the week saw substantial upward movement, fell over 80 pips during the European session. Against the USD, the aussie extended its bearish trend, falling an additional 60 pips. The AUD/USD eventually found support at the 1.0285 level.
- 16 May 2012
Risk aversion leads to significant aussie losses
After seeing mild gains during early morning trading, the Australian dollar turned bearish against both the US dollar and Japanese yen amid risk aversion in the marketplace caused by Greek political worries. The AUD/USD dropped from a high of 1.0014 to 0.9952 over the course of the day. Against the JPY, the aussie fell over 50 pips, reaching as low as 79.59 before staging an upward correction. The AUD/JPY eventually settled around 79.95 during the afternoon session.
- 09 May 2012
Risk aversion leads to additional aussie losses
Ongoing concerns regarding the political situation in the euro-zone caused investors to abandon riskier assets during yesterday's trading session, resulting in losses for the Australian dollar. The AUD/USD fell over 90 pips during European trading, reaching as low as 1.0101. Against the Japanese yen, the aussie dropped over 95 pips, reaching as low as 80.59 during the afternoon session.
- 01 May 2012
Aussie drops against main rivals
The increase in risk aversion following negative news out of the euro-zone and US led to moderate losses for the Australian dollar during yesterday's trading session. The AUD/USD, which started off the week at 1.0471, dropped over 60 pips over the course of the day, reaching as low as 1.0410. Against the JPY, the aussie dropped well over 80 pips, and was trading at 83.20 by the afternoon session.