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Pound Sterling-Australian Dollar Exchange Rate: 1.7633 (-0.11%) Charts
Australian Dollar-Pound Sterling Exchange Rate: 0.5671 Charts

Iron Ore's Supply Side Ace Card Limits Australian Dollar's Losses

Iron Ore's Supply Side Ace Card Limits Australian Dollar's Losses


Australia's Dollar was a laggard among major currencies on Friday as risk-aversion prevailed among investors ahead of the weekend but the antipodean unit remains undervalued and robust prospects for the iron ore market have continued to limit the currency's downside…

Key Statistics
Live GBP/AUD Exchange Rate: 1.7633
Daily Change: -0.1127%
Opening Rate: 1.7658
Today's Low: 1.7627
Today's High: 1.767
Low of the Past Year: 1.4992 (26-12-2020)
High of the Past Year : 2.088 (21-03-2020)
Relative Performace
1 Day
1 Week
1 Month
This Year
Past Year
5 Years
10 Years

vs G10

vs Next 10

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* 1 Week = past 5 trading days, 1 Month = past 20 trading days, This Year = 2021, Past Year = Past 365 Days

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Iron Ore's Supply Side Ace Card Limits Australian Dollar's Losses

  • Written by James Skinner

Australia's Dollar was a laggard among major currencies on Friday as risk-aversion prevailed among investors ahead of the weekend but the antipodean unit remains undervalued and robust prospects for the iron ore market have continued to limit the currency's downside potential. 

Read more ...

Euro-Australian Dollar Rated Sell at CBA with 1.48 Seen in Pipeline

  • Written by James Skinner

The Australian Dollar remained the second best performing major currency of 2021 on Friday but gains relative to the Euro have been less remarkable than against the Japanese Yen and Commonwealth Bank of Australia is now wagering on a catch-up that if successful, would push EUR/AUD to its lowest since 2017. 

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Australian Dollar Pushing GBP/AUD toward Three-year Low

  • Written by James Skinner, Additional Editing by Gary Howes

The Aussie is likely to push the Pound-to-Australian Dollar exchange rate to a three-year low as it continues to outperform  in the weeks ahead, according to TD Securities, although analysts at Commerzbank have warned that further strength would risk prompting a Reserve Bank of Australia (RBA) complaint.

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HSBC: Buy Australian Dollars

  • Written by Gary Howes

Australian Dollar outperformance in 2020

Foreign exchange strategists at HSBC have recommended buying the Australian Dollar on the expectation that further gains for the antipodean currency to gain exposure to the global economic recovery and rising commodity prices.

Read more ...

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