The Pound-to-Australian Dollar rate recovery appeared to be faultering Thursday as Sterling retreated from a resilient antipodean rival for the second day running, although economic headwinds down under could yet prevent the exchange rate's 'Boris bounce' from being completely undone.
January 9,2020
The Australian Dollar remains under pressure as foreign exchange markets bet that the Reserve Bank of Australia (RBA) is poised to cut interest rates again as early as February.
January 8,2020
The GBP/AUD advance comes in sympathy with a broad-based rally by the Pound and talk of a potential interest rate cut being delivered by the RBA as early as February.
January 7,2020
The Pound-to-Australian-Dollar rate has been tipped as a sell by strategists at Nordea Markets, who say the British currency is likely to be an underperformer in a market where precious metals prices are rising and that the Aussie unit should be an outperformer.
January 6,2020
The Australian Dollar could see further gains in the weeks ahead after having overcome its 2019 downtrend on the charts and all-but erased this year's loss against the U.S. Dollar, although the antipodean unit is still meeting stiff resistance from Pound Sterling.
December 31,2019
The Australian Dollar is on the cusp of a breakout to the upside on the charts, according to some analysts, although the outlook for the antipodean unit next year is cloaked in a shroud of uncertainty.
December 27,2019
The Australian Dollar rose against all of its major rivals other than the Norwegian Krone Thursday after a blowout jobs report eased market concerns about the outlook for interest rates at the Reserve Bank of Australia (RBA), although Westpac is now tipping the antipodean unit as a sell.
December 20,2019
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