Exchange Rate Risk

G’day, forex mates! We’ve got another RBA statement coming our way this Tuesday, so I thought that now would be a good time to give y’all a roundup of Australia’s major economic reports.

G’day, forex mates! As you may or may not know, the Aussie has been trending broadly higher since the end of December 2016, shrugging off any disappointing economic reports that were thrown in its way. What’s up with that? Well, here the 3 major factors that have helped in sustaining the Aussie’s broad-based upward push.

You probably already know that the euro performed very well this week, but did you also know that the pound did well and that the Kiwi and yen got crushed? Whoa! Four currencies were in play this week? Anyhow, what drove price action on these currencies? And how did the other currencies fare this week?

This trading week was relatively more subdued when compared to the other week’s trading frenzy. U.S. dollar strength and weakness on the part of the Kiwi and the Aussie were the main themes this trading week.