The Australian Dollar followed the Chinese Renmimbi lower Thursday after official data showed the latter's economy on the rocks, though the Antipodean unit is still likely to face further selling pressure over the coming weeks, according to analysts at HSBC

March 15,2019

The Australian Dollar weakened in a risk averse market Wednesday, helping the Pound-to-Australian-Dollar rate to recover onto a firmer footing, although analysts say the Brexit saga playing out in London is a double edged sword for the Antipodean and British currencies.

March 13,2019

The Pound-to-Australian-Dollar rate remained within sight of multi-month highs Tuesday after having seen some of its largest swings of the New Year during the morning session, and analysts are warning that this volalitility could continue for a while yet. 

March 12,2019

Australian dollar week ahead

The technical outlook for GBP/AUD is mixed at this point - whilst the pair remains in an established short-term uptrend it is vulnerable to weakness because of a ‘broadening formation’ or ‘loudspeaker’ pattern which has developed.

March 11,2019

The Australian Dollar attempted a feeble riposte against the U.S. Dollar on Friday but the Antipodean currency could be facing further losses during the weeks and months ahead if interest rate forecasts made by National Australia Bank (NAB) prove to be correct.

March 8,2019

The Australian Dollar recovered off earlier lows Thursday after official data revealed a sharp increase in the January trade surplus, which offered support to the Aussie even after other figures showed household spending growth was underwhelming early in the New Year. 

March 7,2019

Exchange rates AUD

Our technical studies of GBP/AUD suggest the outlook is short-term bullish, favouring a continuation higher to around the 1.89-1.90 level before any risk of a substantial move lower.

March 6,2019

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