Astrella dollar

SYDNEY, June 8 (Reuters) - The Australian dollar came off a month high on Thursday, after a spectacular run up over the past week on a hawkish local rate outlook, while short-term local yields climbed to the highest in 11 years, continuing its recent ascent. The Aussie was hanging at $0.6660, after hitting a one-month high of $0.6718 overnight. It faces strong resistance at its 200-day moving average of $0.6691 and has support at the 14-day moving average of $0.6584. The kiwi dollar was changing hands at $0.6046, having eased 0.7% overnight to as far as $0.6031. It has support at a seven-month trough of $0.5986 hit just last week. The U.S. dollar was aided by rising yields after the Bank of Canada surprised by resuming its tightening after four months of pauses, a move that could help the Federal Reserve retain a hawkish stance when policymakers meet next week. The Aussie’s low of 0.6458 in late May could be the trough for the current quarter, said Commonwealth Bank of Australia currency strategist Carol Kong. “Our updated RBA (Reserve Bank of Australia) views point to upside risks to our AUD/USD forecasts,” she said. Commonwealth Bank now expects one more rate hike to a peak of 4.35%, compared with a previous forecast of 3.85%. “That said, the deteriorating global economic outlook and the weakness in the Chinese economy will remain headwinds for AUD/USD in our view.” Indeed, data showed on Thursday that Australia’s exports fell by 5% in April from the previous month, led ...

If you’re planning a trip to the United States in the near future, you may want to exchange some Australian dollars into U.S. dollars, the country’s official currency. The international symbol for the currency is USD. U.S. dollars may also be accepted outside of the U.S. including in Vietnam, Costa Rica, Peru and certain parts of Mexico. This post has everything you need to know about converting AUD to USD, including where to secure the best exchange rates and how to avoid paying high fees on your conversion. Learn More Via Wise website How to Convert AUD to USD Calculating the conversion of Australian dollars to USD is fairly simple. You can either use a calculator or do it by hand. 1. Use a Currency Calculator Using a Keep in mind that exchanging currency often comes with added fees that a conversion calculator won’t be able to predict. For instance, credit card companies and ATM networks usually charge a 2. Calculate it Manually The other option is to do the calculation manually using a simple mathematical formula. However, in order to do this, you need to know the current exchange rate. At the time of writing, 1 AUD is worth 0.65 USD. Once you know that information, multiply the amount you have in USD by the current exchange rate. The resulting number will show you the amount of U.S. dollars that you have to spend on your trip. Manual Currency Conversion Example Let’s say you have $500 AUD and would like to figure out how much in U.S. dollars you would have for a trip ...

Australian Dollar vs US Dollar Weekly Technical Analysis The Signs of exhaustion on the daily chart will probably lead to selling and opening up the possibility of a move down to the 0.66 level. 0.66 level of course, is a large, round, psychologically significant figure, and it is also an area where we had seen support previously when we were consolidating. We did break through the bottom once before, so it does suggest we could drop from there. If we were to break down below the 0.66 level, then it’s possible that the 0.64 level was targeted because it is the “measured move” of the previous consolidation rectangle that we had broken through. On the other hand, if we were to break above the 50-Week EMA, which would also have the market breaking above the 0.68 level, it would be a very bullish sign. At that point, the market is likely to continue looking to the 200-Week EMA, which would obviously be a very bullish sign. Obviously, that would also be a very anti-US dollar move more than anything else. All things being equal, this is a market that is trying to determine where it wants to go longer-term, but that being said the interest rate differential between Australia and the United States continues to favor the US dollar, but not like there is a huge gulf between the 2 now, so that being said, the market is probably going to continue to be very noisy, and of course the Australian dollar is highly sensitive to the global growth story, and of course the commodity mark...