Market News

Track currency trends and access our expert daily and and weekly market analyses

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

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
compass pointing north

Cautious FOMC minutes force USD lower

Thursday 25th of May

Australian Dollar:

The Australian dollar was marred yesterday by Moody’s downgrade in China’s credit rating. Initially starting the day at 0.7475 against the US dollar, markets saw a third of a cent shed on the Aussie after news came to light of the first downgrade by Moody’s in China since 1989 from Aa3 to A1. The Construction work print for the month also saw a contraction for the month as the afternoon saw an intraday low of 0.7445. The Fed Reserve minutes released overnight supported the view of a “probable” June rate hike with the Greenback reacting negatively to the news, hoping for a more hawkish tone. This caused the Aussie to rally back up and test the 0.75 handle on open this morning.

Read more


Global offices

49 Stevenson St
13th Floor
San Francisco
CA, 94105
USA

San Francisco

Level 19
60 Margaret St
Sydney
NSW 2000
Australia

Sydney

1st Floor
85 Gracechurch St
London
United Kingdom
EC3V 0AA

London

Unit 1602,
16th Floor,
100 Queens Road,
Central, Hong Kong

Hong Kong

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

Toronto

Level 27, PWC Tower
188 Quay St
Auckland
New Zealand

Auckland