FOREX

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.

Strong equities on Friday pushes the Australian dollar to jump up on the first working day of the week. The local currency was trading this morning at $US 96.15 cents.

The Australian dollar eased on Friday as soft Asian stock markets gave investors an excuse to take profits from recent gains.

Australian stocks slipped on Friday, led weaker by banking shares after a poor reading on the U.S. labour market pushed Wall Street lower overnight and eroded confidence about its recent rally.

The AUD has opened lower this morning as weak data in Europe overnight saw investor’s pullback from riskier trades.

The Australian Dollar held onto recent gains yesterday and traded quietly throughout the Asian session, hovering between 0.9530 and 0.9574.

The Australian dollar opened lower on Friday. The local currency was trading this morning at $US 94.91 cents.

The Australian currency hanged onto 26-month highs as investors waited for possible quantitative easing measures by the US Federal Reserve.

The Australian currency was flat at Thursday noon as investors await news on the possible resumption of quantitative easing measures by the US Federal Reserve.

The AUD traded solidly throughout Asia yesterday consolidating stoically above 0.9550 for most of the day.

The Australian dollar opened low on Thursday after soaring high and hitting $US 95.8 yesterday.

The Australian currency hit a fresh 25-month high on Wednesday noon, following talks the Federal Reserve might reinvigorate stimulus measures to aid the ailing US economy.

The Australian currency is expected to continue its rally over the near term especially if the Reserve Bank of Australia decides to raise the interest rates.

After 25 long months, the Australian dollar opened above $US 95 cents.

The Australian currency is almost unchanged on Tuesday's local close after minutes of the Reserve Bank of Australia's September board meeting shortened odds of an October interest rate rise.

The Australian currency was slightly firmer at Tuesday noon after the central bank gave another strong indication of an increase in cash rates.

The Aussie buck opens higher than its previous two-year high of $US 94.69 cents achieved on Friday by opening trade at $US 94.75 cents.

The Australian currency is trading higher as the greenback weakens in the lead up to a lunchtime speech by the Reserve Bank of Australia governor.

Speculations of an International Monetary Fund (IMF) rescue for Ireland sends the Australian dollar to open lower this morning.

The Australian currency was higher at Friday noon, nearing a two-year high, as traders take stock after a dramatic week on currency markets.

The Australian currency finished at two-year high on Friday, returning to heights held before the financial crisis.

The Australian dollar appears to be following the rise of the Euro as it opened higher today.

The Australian currency was slightly higher at Thursday noon as further speculation of quantitative easing in the US and currency devaluations by other countries kept it in a tight range.

The Australian currency finished lower on profit-taking after Japan did not step in a second time to weaken the yen against the greenback.

The Australian dollar opened slightly higher after an unsteady session at the U.S. share market.

The Australian currency was half a cent stronger at Wednesday noon and trading near a two-year high after the greenback weakened on reports of US quantitative easing overnight.

The Australian dollar reached a five-week peak against the yen on Wednesday, while holding not far from two-year highs on the greenback, as Japan stepped in to sell yen.

The Australian Dollar has out-performed the other major currencies over the past week, and this continued last night, with the AUD setting a new 2 year high of 0.9450 following rumours that the US Federal Reserve will announce quantitative easing measures as early as November.