The RBA cut the rate, pulling the Australian dollar even lower. GBP/USD is also facing fresh lows.
Tag - aud - australian dollar
Things change rapidly in Forex and stock markets amid virus pandemic and oil price war; watch the daily video to get updated.
Reserve Bank of Australia is considering quantitative ease to restart the economy. How will the AUD respond?
JPY and EUR are the only bastions of resilience amid the sell-off mood of the market; gold is up to $1700, oil is a real problem…
Central banks are making a big impact on the market. What does it mean for EUR/USD, USD/JPY, GBP/USD, AUD/USD, and USD/CAD?
The G7 phone conference will highlight the trading session today
As the market expected, the Reserve Bank of Australia has cut its interest rate from 0.75% to 0.5%. AUD/USD rallied on the news as the decision had been priced in.
Will the measures by the central banks be enough to move the markets?
The USD is under pressure versus the EUR and the JPY as traders raised bets on the Fed's rate cut. Lean more!
The Japanese yen is back in the Forex market reconquest on investors' flight to safety. Observers are almost certain the US financial authorities will lower the main interest rate - hence, the USD is dragged down. What else does Friday bring?
Did the coronavirus hit the United States? What does it mean for the USD? Which other events will impact the American currency today?
AUD/JPY is in the downtrend since the start of the year. It was capped on the upside by all the three important moving averages on the D1.