The Australian Dollar was buoyant Tuesday after falling stockpiles at Chinese ports drove iron ore prices up by almost five percent, ahead of the latest batch of housing market data, but analysts at Westpac have cut their forecasts for the Antipodean currency and now project further losses before the year is out.
May 29,2019
GBP/AUD has now also pierced below a major trendline drawn from the 2018 December lows, and this adds further conviction to our bearish forecast.
May 27,2019
The Australian Dollar will probably not hold onto its post-election gains as the old problems which shaped the previously bearish outlook remain, says Andrew Watrous, an analyst at Morgan Stanley, who retains a bearish outlook for the currency.
May 24,2019
Pound Sterling is likely to rise by more than five percent against the Australian Dollar before year-end and losses in a 'no deal' Brexit scenario might be limited to less than four percent, according to forecasts from Capital Economics.
May 23,2019
The Aussie Dollar slumped during the overnight session and into Tuesday after the Reserve Bank of Australia suggested strongly that an interest rate cut is now imminent, which has helped to put a floor under the Pound-to-Australian-Dollar rate after a week of steep losses.
May 21,2019
The Australian Dollar was riding high at the top of the G10 league table Monday following a surprise win for the coalition government in Sunday's general election, although analysts are saying that gains for the Antipodean currency could prove short-lived.
May 20,2019
The Australian Dollar jumped at the start of the new week, following the national election that unexpectedly returned the Liberal‑National government.
May 20,2019
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