{"id":89047,"date":"2016-05-03T06:52:42","date_gmt":"2016-05-03T10:52:42","guid":{"rendered":"http:\/\/countingpips.com\/?p=89047"},"modified":"2016-05-03T06:52:42","modified_gmt":"2016-05-03T10:52:42","slug":"aud-tumbles-after-rba-cuts-rates-yen-strengthens-again","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/aud-tumbles-after-rba-cuts-rates-yen-strengthens-again\/","title":{"rendered":"AUD tumbles after RBA cuts rates, yen strengthens again"},"content":{"rendered":"<div id=\"inves-4111960353\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 3, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The US dollar weakened further in Asian trading on Tuesday, falling to a fresh 18-month low against the yen, breaking below the 106 yen level.<\/p>\n<p>The US dollar index, a measure of the US currency against a basket of global peers, was down 0.1 per cent this morning, hovering around a 16-month low of 92.518. It was on pace for a seventh straight session of declines, the longest since a seven-day drop in April last year.<\/p>\n<p>The euro also responded to the downward move for the dollar, rising through $1.15 for the first time since August to reach $1.1540.<\/p>\n<p>The price of gold surpassed $1,300 an ounce for the first time since January 2015, and was up 0.2 per cent at $1,294.17 in Asia.<\/p>\n<p>The Australian dollar had a roller coaster session. Against the US dollar, the aussie rose as much as 0.6 per cent to US$0.7710 ahead of the Reserve Bank of Australia\u2019s monetary policy decision, and was also supported by data showing Australian building approvals contracted by a slower-than-expected annual pace in March.<\/p><div id=\"inves-2540318370\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>However, the aussie tumbled 1 percent on the news that the RBA cut its benchmark rate by 0.25 basis points to 1.75%. AUDUSD dropped to $0.7554.<\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The US dollar weakened further in Asian trading on Tuesday, falling to a fresh 18-month low against the yen, breaking below the 106 yen level. The US dollar index, a measure of the US currency against a basket of global peers, was down 0.1 per cent this morning, hovering around a 16-month [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-89047","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=89047"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89047\/revisions"}],"predecessor-version":[{"id":89064,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/89047\/revisions\/89064"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=89047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=89047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=89047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}