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The Australian Dollar has fallen from 0.80 to almost 0.70 against the U.S. Dollar this year in probably the steadiest downtrend of all G10 currencies but the worst is now over, according to Westpac.
October 6,2018
The Australian Dollar slipped to a fresh two-year low Friday despite a stronger-than-expected set of retail sales numbers for August, although analysts at Westpac are saying the worst is now over the Antipodean currency.
October 8,2018
The Australian Dollar outlook dimmed even further Wednesday after official data revealed a steep slump in the number of building approvals granted in August.
October 5,2018
The Australian Dollar pivoted onto its back foot Tuesday as traders responded to a dovish interest rate statement from the Reserve Bank of Australia (RBA) that may have forced the market to abandon any remaining hope of a change in monetary policy coming at some time in 2019.
October 2,2018
GBP/AUD defied expectations and rose in precious week and our studies of the weekly charts confirm a bullish bias. The Tuesday RBA meeting dominates AUD calendar this week.
October 1,2018
The Australian Dollar outlook remains "mildly bearish" amid a deteriorated outlook for so-called risk assets, according to analysts at Australia & New Zealand Banking Group, who say the Antipodean currency will remain at the mercy of the global market environment during the weeks ahead.
September 27,2018
The Australian Dollar is set to remain on the front foot this week as investors rediscover their appetite for risk, according to currency strategists at Barclays, who have recommended that clients of the bank bet on a rise in the Antipodean unit relative to its largest North American rival.
September 25,2018
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