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Investors struggled through a third straight day of volatility Wednesday, as weak economic data from Europe and disappointing domestic earnings reports prompted a pullback in U.S. stocks, the euro and oil prices.
Bell FX Currency Outlook: The Australian Dollar is under pressure this morning and has traded below USD 1.0300 after a volatile overnight session in the northern hemisphere. The US dollar, on the other hand, got a boost.
Bell FX Currency Outlook: The Australian dollar is higher, as overseas share markets bounce back from heavy losses yesterday.
U.S. stocks suffered steep declines Monday as a plunge in prices for gold and other commodities unnerved investors. Worse-than-expected data on Chinese and U.S. economic growth fueled the selloff, which began during Asian hours and spread around the globe.
Bell FX Currency Outlook: The Australian Dollar fell to a one month low during overnight trade as disappointing Chinese economic data and bombings in Boston weighed heavily on market sentiment.
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Bell FX Currency Outlook: The Australian Dollar's strong run of late has moderated after a decline in commodity prices on Friday and some modestly disappointing figures from the US.
The Australian Dollar tumbled one US Cent on Friday night in an interesting end to the week as base metals prices fell lower, as markets became concerned about the pace of global growth.
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