The Australian Dollar is undervalued by a double-digit percentage, according to new analysis from Commonwealth Bank of Australia, although correcting the mismatch between market prices and the instrinsic value of the Aussie unit could be a long and drawn out process.
June 27,2019
The Australian Dollar is facing a tidal wave of interest rate cuts from the Reserve Bank of Australia (RBA) over the coming months, according to forecasts from three of the world's most prominent banks, which risk further undermining the Antipodean currency against rivals including the U.S. Dollar and Pound Sterling.
June 25,2019
GBP/AUD is trading at around 1.8328 at the start of the new week, ensuring a new uptrend has taken root this June and studies of the charts suggest this will extend in the next five days.
June 24,2019
The Australian Dollar was on course for another day of gains over its U.S. counterpart Friday and is now tipped as a buy at Morgan Stanley, although the analyst team at Canada's CIBC Capital Markets are remaining on the sidelines so clearly, not everybody shares the American bank's enthusiasm.
June 21,2019
The Australian Dollar rose Thursday after the Federal Reserve admitted it might cut interest rates before the year is out and amid mounting hopes the U.S.-China trade war will be deescalated before the month is out, but analysts at Westpac and UBS are saying the Aussie rally is unsustainable.
June 20,2019
The New Zealand and Australian Dollars are outperforming on global markets amidst fresh hopes for a breakthrough in the U.S.-China trade war.
June 19,2019
The Australian Dollar was on its back foot Tuesday after minutes from the latest meeting at the Reserve Bank of Australia (RBA) suggested clearly that further interest rate cuts are on the way before the year is out and amid fresh concerns about the housing market, although some analysts see light at the end of the tunnel for the currency.
June 18,2019
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