Market News

Currency Chart

Get access to our expert market analyses and discover how your currency has been tracking with our exchange rate charts.
{{tab.base}} / {{tab.term}} ...
Add pair

compass pointing north

USD Index rallied on heightened rate hike expectations

Monday 24th of October

Australian Dollar:

Having broken through 0.77 and touched two month highs in early trade last week the Australian dollar suffered a heavy sell off through trade on Friday as investors drove the U.S dollar higher. The Greenback’s dollar index rallied to its highest level in 10 months as traders followed heightened expectations of a Federal Reserve interest rate hike in December, forcing the AUD to intraday lows at 0.7589. The Aussie dollar has struggled to break beyond lows of 0.7460 and highs of 0.77 in the four months since the end of June and last week’s rally looked to signal a possible breakout., however the rapid retreat appears to have closed the door on any short term upward push with ranges expected to be choppy into the U.S Presidential election. Attentions this week turn to Wednesday’s CPI inflation print as a key marker for future RBA monetary policy and a possible trigger point for additional interest rate adjustments. 

Read more

Today's expected range

0.7530 – 0.7650
0.7050 - 0.7250
1.5950 – 1.6100

Want a particular rate? We'll let you know when your target rate is reached.

Thank you, we'll send you an email when your target rate is triggered.

Oops, something went wrong. Please enter a valid e-mail address.

  • Required
  • Not valid

Currency pair


  • Currencies cannot be the same
  • Required
  • Not valid
man pointing at a map

Last Week Market Recap

Monday 17th October 2016

Gained a fraction last week as the rate reacted favourably to higher commodity and crude oil prices and despite an increased likelihood of a U.S. Fed interest rate hike in December. The week began with the rate gapping higher on Monday and consolidating at a slightly lower level as the United States observed a bank holiday and in the absence of any significant economic data out of Australia. The pair then fell sharply on Tuesday as comments from Chicago Fed president Charles Evans indicated a possible Fed rate hike in December and after the Australian NAB Business Confidence survey showed a reading of 6, unchanged from its previous release. On Wednesday, the rate gained fractionally despite a somewhat hawkish FOMC Meeting Minutes. Thursday saw the pair gain a fraction after making its weekly low of 0.7506 as the United States reported a better than expected employment number. The pair continued higher on Friday, making its weekly high of 0.7647 despite better than expected U.S. Retail Sales and PPI data and after the RBA’s Financial Stability Report noted that, “Since the crisis, the FSB and other international and national bodies have worked to address the risks posed by shadow banking, i.e. entities and activities involved in credit intermediation outside of the regular banking system, such as money market funds (MMFs), finance companies and securities lending. With the bulk of policy development now finalised, regulators’ focus has largely turned to implementation and monitoring.” AUD/USD closed at 0.7612, with a gain of +0.4% for the week.  

Read more

Global offices

Level 19
60 Margaret St
NSW 2000


1st Floor
85 Gracechurch St
United Kingdom


49 Stevenson St
13th Floor
San Francisco
CA, 94105

San Francisco

The Center
99 Queen's Rd Central
Hong Kong

Hong Kong

Suite 1002
145 King St West
Toronto, ON
M5H 1J8


Level 27, PWC Tower
188 Quay St
New Zealand