FOREX

The Australian Dollar has opened at USD 0.9855 this morning after announcements overnight by the US Federal Reserve that it was ready to provide more stimulus to the US economy "before long".

The Australian Dollar opens higher against the greenback today at 0.9860, recovering from a low of 0.9785 during yesterday's domestic session after a fall in business confidence.

The Australian dollar is still outperforming its peers as investors bet on higher yielding instruments and the U.S. equities are believed to boost Asian stocks.

With holidays in the US, Canada and Japan, overnight markets have had a very quiet trading session, with no major data was released.

The Aussie''s parity push paused during local trade yesterday after the release of domestic home lending data.

The Aussie''s parity push paused during local trade yesterday after the release of domestic home lending data.

The Australian dollar was trading at $US 98.42 cents early this morning after spending a quiet trading overseas. The value is eight cents (0.08 percent) lower than Monday's close of $US 98.50 cents.

The Australian Dollar has steadied after last Thursday night's rally over USD0.9900.

Despite a brief run lower during Friday''s offshore session towards US97 cents, the Australian Dollar has rallied for an eighth consecutive week and opens today at 0.9880.

The Australian dollar was trading at $US 98.88 cents early this morning. The value is $US 69 cents (0.70 percent) higher than Friday's close of $US 98.19 cents.

The relative strength of the Australian dollar against other currencies will not be bogged down by another round of interest rate increases. This was the assurance given central bank Deputy Governor Ric Battellino on Friday.

The Australian dollar was trading at $US 98.08 cents early this morning. The value is $US 29 cents lower than Thursday's close of $US 98.37 cents.

The strong performance of the Australian dollar will continue and even inched higher than the US dollar in the next few days if the global economic data due tonight sets a good pace.

Android users can now access the eToro's financial trading platform and OpenBook, as its new social trading network.

The Australian dollar was trading at $US 97.75 cents early this morning.

The AUD continued its relentless push higher overnight, with the next major level of resistance of USD0.9850 now firmly in its sights.

The Australian Dollar took a break yesterday, moving in a very quiet 30 pip range against the USD after recent volatile trade.

The recent rally of the Australian Dollar took a major hit yesterday as the RBA announced its decision to keep interest rates on hold at 4.5%.

What a rollercoaster ride the past 24hrs have been for currency markets, starting yesterday with the RBA leaving the official cash rate unchanged at 4.50%.

The Australian dollar was trading at $US 97.13 cents early this morning.

After holding onto recent gains above 0.9700 at yesterday's open, the Australian Dollar has let slip and made a move back towards support at 0.9650.

The Australian dollar was trading at $US 96.72 cents early this morning.

The Australian dollar was trading at $US 96.93 cents early this morning.

The surging Australian currency held ground to nudge closer to a 2008 peak on Wednesday noon, as US dollar weakness persists and traders balance concerns about global risk factors.

The Australian dollar was trading at $US 96.75 cents early this morning.

The Australian currency ran into profit-taking on Tuesday but hovered within striking distance of levels last seen in the 1980s as excitement over a possible domestic rate rise next week kept it well supported.

The Australian currency continued to trade near a two-year high on Tuesday noon as a hawkish Australian interest rate outlook offset profit-taking.

The Australian dollar was trading at $US 96.09 cents early this morning amid the possibility of an interest rate increase after the Reserve Bank of Australia (RBA) meets.

The Australian currency traded near a two year high at Monday noon on rising equities in the region and a weaker greenback, but had drifted lower this morning's high as it consolidated.