Articles by: Miroslav Marinoff

AUD/USD with daily gains after RBA Stevens’ testimony

Australian dollar traded higher against its US counterpart on Wednesday, as speculation appeared that the Reserve Bank of Australia (RBA) may not reduce its benchmark interest rate further after banks Governor Glenn Stevens stated that there were indications accommodative policy was providing support to spending in the country. AUD/USD touched a session high at 0.8928 […] Read more

AUD/USD loses ground after the release of RBA minutes

Australian dollar traded lower against its US counterpart on Tuesday, after the minutes of Reserve Bank of Australias (RBA) most recent policy meeting showed that the bank was not excluding the possibility of further reducing borrowing costs. AUD/USD fell to a daily low at 0.8930 at 3:25 GMT, after which consolidation followed at 0.8944, dipping […] Read more

AUD/USD slides after Chinese manufacturing data and ahead of RBA Stevens statement, FOMC meeting

Australian dollar fell against its US counterpart on Monday, following the release of Chinese manufacturing PMI and ahead of the testimony by the Reserve Bank of Australia Governor Glenn Stevens and Federal Open Market Committee (FOMC) policy decision due on December 18th. AUD/USD fell to a session low at 0.8923 at 1:45 GMT, also the […] Read more

Outlook for USD/CHF cross during the upcoming week

US dollar traded steadily and in proximity to two-year lows against the Swiss franc on Friday, as expectations were boosted that a small reduction of scale of Federal Reserves monetary stimulus might be introduced at the upcoming policy meeting of the bank. USD/CHF fell to a session low at 0.8882 at 8:33 GMT on Friday, […] Read more

AUD/USD little changed, poised for the longest series of weekly losses in 28 years

Australian dollar traded little changed against its US counterpart on Friday and was set for the longest streak of weekly losses since 1985, after Reserve Bank of Australia (RBA) Governor Glenn Stevens indicated that a weaker national currency was preferable over lower interest rates in order to facilitate the accelerated revival of Australias economy. AUD/USD […] Read more

AUD/USD loses ground as Australian unemployment rate climbs

Australian dollar fell for a second day against its US counterpart on Thursday, after a report said that Australian rate of unemployment rose in November and despite that economy added more new jobs than initially projected during the same month. AUD/USD slid to a session low at 0.9011 at 3:50 GMT, after which consolidation followed […] Read more

AUD/USD slides as Australian consumer sentiment disappoints

Australian dollar fell against its US counterpart on trading Wednesday, after Westpac – Melbourne Institute published the results of a survey on consumer sentiment in Australia, which showed that the corresponding index dropped in December. AUD/USD reached a session low at 0.9116 at 6:45 GMT, after which consolidation followed at 0.9118, losing 0.34% for the […] Read more

AUD/USD preserves daily losses after business confidence data by NAB, Bullard remarks

Australian dollar preserved losses against its US rival on Tuesday, after a survey on business confidence and business conditions in Australia, conducted by the National Australia Bank (NAB), revealed mixed results. AUD/USD slid to a session low at 0.9076 during the early phase of Asian trade, after which consolidation followed at 0.9096, losing 0.16% for […] Read more

AUD/USD slips on growth speculation

Australian dollar lost ground against its US counterpart on Monday on speculation that Australias economic growth may be lagged in comparison with growth US economy has recently demonstrated. AUD/USD slipped to a session low at 0.9074 at 7:25 GMT, after which consolidation followed at 0.9079, losing 0.27% for the day. Support was likely to be […] Read more

Outlook for USD/CHF pair during the upcoming week

US dollar retreated to lows unseen in six weeks against the Swiss franc on Friday, despite the optimistic employment data, released out of the United States. USD/CHF reached a session low at 0.8913 at 20:30 GMT, also the pairs lowest point since October 25th, after which it closed at 0.8920 on Friday, falling 0.52% on […] Read more