AUD/CAD News, Page 1

The head of the Reserve Bank of Australia provoked the Australian currency selloff on Wednesday morning. AUDUSD loses 1.6% after Philip Low’s comments on the Central Bank readiness to consider rate cuts.

It’s early to talk about the strengthening of the AUD because up to now, there are no crucial fundamental factors that may become drivers for the Australian currency. Let’s go through all the factors that can be a market mover for the Australian Dollar.

It’s been a bullish market for months, but now the promising economic news coming out of Canada is pulling the USD/CAD price back down. From a low in April of around 1.252, the price went as high as 1.338 at the end of June but has been stuttering ever since.

The economic calendar today will see investors shifting focus to the BoC’s monetary policy meeting. Chances of a rate hike remain high as the economists polled expect to see the BoC raising rates by 25 basis points at today’s meeting.

The AUD is going down again after taking a short break. The RBA meeting minutes did not affect the currency very much, as everything was quite clear beforehand. The Chinese stats were, on the contrary, very influential.

Following a rise in UK inflation, the GBP struggled against the dollar, How would you sum up Sterling’s week and where do you see it going next?It’s been a dire week for the Pound, with inflation’s rise to 3% doing little in terms of support with the new BoE Deputy

It is quite possible that the Australian Dollar may resume falling in the nearest future. This might be true for both short and long-term, on the basis of the fundamental background. At the same time, the mid-term period, from a week to a month, looks very vague.During the RBA meeting

It’s going to be a busy week with key data releases coming from Australia, the U.S., and Canada. Joining me today is James Hyerczyk from FXEmpire to provide his analysis.Firstly James let’s start with Australia where the RBA meeting minutes will be released. Now if policymakers shift their tone into

The Australian dollar finished the previous week off strongly against its US counterpart sitting at a 2 year high US8055c, which is making the RBA sit up and take notice, and if the currency goes much higher they may have no choice but to act.In their latest interest rate decision