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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
The Australian Dollar ceded further ground to major rivals Friday as the China-sensitive currency followed the Renmimbi lower, but this hasn't stopped two major European banks from coming off the sidelines as buyers or with bullish forecasts, even as domestic lenders warn of more pain around the corner.
May 17,2019
The Australian Dollar was on its back foot in a risk averse market Thursday after April's jobs and unemployment figures gave what some say could provide a green light for the Reserve Bank of Australia (RBA) to cut its interest rate as soon as June.
May 17,2019
The People’s Bank of China could inadvertently throw the Australian Dollar a life-line should they intervene agressively in the global currency market to prop up the value of the Yuan.
May 15,2019
The Australian Dollar limped into the Wednesday session after first-quarter wage growth figures surprised on the downside just hours before the release of April jobs data, both of which are key to what the Reserve Bank of Australia (RBA) does next with its interest rate.
May 15,2019
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