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
The Australian Dollar got the better of all major rivals Thursday after official figures revealed surprise fall in the unemployment rate for September, which led investors to pare back their bets on a November rate cut from the Reserve Bank of Australia (RBA), although analysts say the antipodean unit could soon run out of road.
October 17,2019
The Australian Dollar underperformed major rivals Tuesday after being buffeted by adverse international and domestic newsflow although the antipodean unit is still being tipped as a sell by analysts at a major bank, who're forecasting a new low for the Aussie by year-end.
October 15,2019
The Australian Dollar got the better of a downward-correcting Pound Sterling Monday even as investors checked earlier optimism about an agreement struck by the U.S. and China last week, although the antipodean currency is tipped by ING and Monex Europe to cede ground to its British rival heading into year-end.
October 15,2019
The GBP/AUD exchange rate is rising within an ascending channel and the uptrend is expected to continue, at least from a technical perspective.
October 14,2019
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