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GBPAUD looks set to consolidate after the recent selloff left the pair at oversold levels, particularly if renewed fears concerning Chinese property stocks persist.
September 25,2023
The Pound to Australian Dollar will unlikely attain the round figure of 2.0 and can fall over the remainder of 2023, according to a new analysis from Bank of America (BofA).
September 19,2023
GBPAUD in a short-term downtrend, but look for support at 100-day MA.
September 19,2023
The Australian Dollar extended a winning streak following the release of positive data out of China that suggests the worst of the country's economic downturn is behind us, a day after domestic job figures beat expectations.
September 15,2023
The Australian Dollar's month-long rebound against the Pound, Euro and U.S. Dollar received a domestic boost when official data showed a sharp uplift in employment in August that puts the market on alert for another interest rate hike at the Reserve Bank of Australia (RBA).
September 14,2023
Data from the CME Group shows asset managers have ramped up bets against the Australian Dollar as they anticipate an interest rate cut from the Reserve Bank of Australia in 2024.
September 13,2023
Commodities, stocks and risk-sensitive currencies such as the Australian Dollar benefited at the start of a new week amidst a retreat in the Dollar and some positive data out of China.
September 12,2023
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