Articles by: Miroslav Marinoff

AUD/USD distances from 3 1/2-year lows

Australian dollar distanced from lows unseen in 3.5 years against its US rival on Monday, following the large-scaled sell-off in emerging market shares and currencies on Friday. AUD/USD touched a daily high at 0.8737 at 7:10 GMT, after which consolidation followed at 0.8716, still gaining 0.37% for the day. Support was likely to be received […] Read more

Outlook for USD/CHF during the upcoming week

US dollar slumped to lows unseen in three weeks against the Swiss franc on Friday, as demand for safe haven franc received a boost due to deepening selloff in emerging-market currencies. Having fallen to its lowest point since December 31st at 0.8904 at 11:30 GMT on Friday, USD/CHF ended the week at 0.8944, losing 0.32% […] Read more

AUD/USD continues its slide in late US trade on Friday

Australian dollar continued to lose ground against its US counterpart during the late phase of US trade on Friday, after Reserve Bank of Australia (RBA) board member Heather Ridout said an exchange rate for the Aussie around 80 U.S. cents would be a fair deal for everybody, including export and import-oriented companies. At the same […] Read more

AUD/USD falls below 0.8700 after RBA’s Ridout comments

Australian dollar fell below 87 U.S. cents for the first time since July 2010, after according to the Wall Street Journal, Reserve Bank of Australia (RBA) board member Heather Ridout said an exchange rate for the Aussie around 80 U.S. cents would be a fair deal for everybody, including export and import-oriented companies. At the […] Read more

AUD/USD retreats as Chinese manufacturing PMI enters zone of contraction

Australian dollar retreated against its US counterpart on Thursday, following a report which showed the preliminary reading of manufacturing Purchasing Managers Index (PMI) for China fell below the key level of 50.0 in January, separating contraction from expansion. AUD/USD fell to a session low at 0.8788 at 4:00 GMT, after which consolidation followed at 0.8802, […] Read more

AUD/USD rallies as Australian CPI exceeds forecasts

Australian dollar advanced against its US dollar on trading Wednesday, following a report, which revealed Australian consumer price inflation surpassed expectations during the final quarter of 2013, implying a lower chance of an interest rate cut in the future. AUD/USD climbed to a daily high at 0.8886 at 7:45 GMT, after which consolidation followed at […] Read more

AUD/USD holds daily gains before Australian consumer inflation report

Australian dollar preserved daily gains against its US counterpart on Tuesday ahead of a report, that may show that Australian consumer prices rose in the fourth quarter of 2013. AUD/USD touched a daily high at 0.8838 at 2:00 GMT, after which consolidation followed at 0.8822, up 0.11% for the day. Support was likely to be […] Read more

AUD/USD distances from 3 1/2-year lows as China’s growth beats forecasts

Australian dollar distanced from lows unseen in 3.5 years against its US counterpart on Monday, as Chinese Gross Domestic Product was reported to have exceeded experts forecasts during the last quarter of 2013. AUD/USD touched a daily high at 0.8804 at 2:00 GMT, after which consolidation followed at 0.8792, rising 0.14% for the day. Support […] Read more

Outlook for USD/CHF cross during the upcoming week

US dollar managed to climb to highs unseen in one week against the Swiss franc on trading Friday, after official data showed US housing starts decreased at a lesser pace than initially expected in December, marking the best year for the industry since 2007. USD/CHF reached a session high at 0.9120 at 18:18 GMT, also […] Read more

AUD/USD hits fresh 3 1/2-year lows during US trade on Friday

Australian dollar retreated to fresh 3.5-year lows against its US rival during Fridays US session, as industrial activity in the United States expanded and housing starts remained steady in December. AUD/USD touched a session low at 0.8764 at 17:50 GMT, also the pairs lowest point since July 22nd 2010, after which it closed at 0.8780 […] Read more