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The Pound softened against an outperforming Australian Dollar on Tuesday but is likely to hit a fresh post-referendum high in the coming weeks, according to strategists at Westpac, who've upgraded their forecasts for the British currency into year-end and beyond.
October 29,2019
The Australian Dollar bounced into the new week Monday amid an upbeat mood in global markets but analysts are warning of downside risks to the antipodean currency in the days ahead, with both domestics and international factors threatening to scupper the nascent move higher.
October 28,2019
The Australian Dollar was left reeling Thursday by a resurgent U.S. Dollar, which was boosted by a safe-have-seeking push by investors into the bond market, and the antipodean currency is now said by Westpac to be in need of further progress in the U.S.-China trade talks as well as Brexit process if it's to rediscover its mojo.
October 24,2019
The Australian Dollar was softer across the board Wednesday as the U.S. greenback stabilised and optimism about progress in the Brexit process ebbed, leading one trader to tip more losses in the short-term, but institutional views on the outlook for the Aussie do vary wildly.
October 24,2019
The Australian Dollar climbed for a fourth consecutive session on Monday as an upbeat mood in global markets prompted a continued rally in risk assets, but analysts at UBS and Commonwealth Bank of Australia (CBA) have told clients the antipodean unit's gains could fizzle out over the coming days.
October 21,2019
The Pound-to-Australian-Dollar rate was trading around 1.8845 at the start of the new week after closing almost two percent higher on Friday, although studies of the charts suggest Sterling can rise further still, in line with an ascending channel.
October 21,2019
The Australian Dollar strutted into the weekend Friday, aided by a strong jobs report and a wounded greenback that was beaten into retreat by a souring Federal Reserve (Fed) rate outlook, although analysts say the Reserve Bank of Australia (RBA) will return to haunt the antipodean currency before long.
October 19,2019
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