Australian Dollar to US Dollar Exchange Rate Forecasts

by Jon Beddell Foreign Currency Market Update – AUD / USD Update The Aussie dollar rebounded sharply after experiencing a bout of weakness in early February that was caused by a correction in world stock markets and a surprise decision by the Reserve bank of Australia to keep interest rates on hold at 3.75% (investors [...]

by Jon Beddell Market Update – AUD / USD Stock markets fall, dragging higher yielding currencies lower. Bank of England halts QE, for now. US dollar surges on safe haven buying. Extract from our January 26th Sterling/Aussie update:   “…..weighing on sentiment toward the high yielders is the dramatic stock market sell off seen over [...]

Market Update – AUD / USD In our last update we reiterated a positive view on the Australian dollar. Since then the US dollar put on a surge of strength in December, dragging the rate down to 0.8750, but has turned weaker again over New Year, allowing the Aussie dollar to regain the positive momentum [...]

Market Update – USD AUD The trend for a stronger AUD and weaker USD continues, albeit we have seen a slight correction over the last week. Traders have been spoiled with Aussie positive news flow, headed up by the recent interest rate hikes. The stock market correction last week helped the US dollar slightly, and [...]

Market Update – USD AUD A picture speaks a thousand words. There’s not much added value in me applying my technical view to this market. Clearly, the trend is positive for AUD, and as we techies love to say, “let the trend be your friend”! For once, it’s blindingly obvious what’s driving this trend. The [...]