australian dollar Archives - Fairmont Equities

What causes the AUD currency to decrease?

August 3, 2023 by Lauren Hua

At the August 2023 meeting of the Reserve Bank of Australia (RBA), the board decided to keep interest rates on hold. As a result of that news, the Australian dollar fell. The price of the Australian dollar is determined by demand and supply. Price goes down when the demand is low and price goes up when demand goes up. In this article we discuss is causing the AUD to continue falling. Interest Rates The US cash rate is 5.5% and …

Why is the AUD dollar going down?

September 3, 2019 by Lauren Hua

The Australian dollar has fallen to its lowest level in 10 years. The price of the Australian dollar is simply driven by demand and supply. Price goes down when the demand is low and price goes up when demand goes up. So why has demand been falling for Australian dollars? Interest Rates The US cash rate is 2.5% and Australian interest rates are only 1% at the moment. The Reserve Bank of Australia (RBA) is considering further interest rate cuts. …