Inflation has always been an important concern for currency analysts, if only because it has a direct relationship with interest rates. Central banks have a mandate to keep inflation under control, and so signs of rising inflation indicate a strong currency. But the new paradigm of an increasingly international economy could leave monetary policy makers […]
Commodity currencies have been beating up on the US dollar and the Japanese yen recently and yesterday was no different. The Canadian dollar, the New Zealand dollar and the Australian dollar all hit new highs, an occurrence so common in that last couple of weeks that’s most traders simply yawned. Some of the underlying support […]
The New Zealand dollar and Australian dollar are seeing record highs at Wednesday’s closing versus the United States dollar. After unemployment rates bottomed to less than 4%, a 33-year low, the Aussie reached a point it had not been to in 17 years. It closed yesterday up 0.5% to 0.8444 against the dollar and 0.6 […]
After passing the ten year high set recently the AUD/USD’s next mission is to break the December 1996 high of .8215 to seek levels set in October of 1990. Retail sales came in better than the expected .8% m/m at .9% m/m causing the pair to rally around 100 pips.
Last time the aussie crossed 100.00 it failed to close on a weekly time frame and collapsed quickly thereafter falling 600 pips the next week, and 44% over the next three and a half years down to 56. After six years of recovery, today AUD/JPY pushes to new highs printing at 93.18, a place it […]
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