The Australian Dollar collapsed Thursday after Reuters reported that customs officials managing some Chinese ports are no longer allowing Australian coal into the country and after a leading economist forecast the Reserve Bank of Australia (RBA) will cut its interest rate twice this year.
February 21,2019
The Australian Dollar collapsed during the overnight session into Thursday after a strong labour market report proved insuffficient in preventing leading economists from warning the Reserve Bank of Australia (RBA) will likely cut interest rates twice this year.
February 21,2019
The Australian Dollar slipped Wednesday after final quarter wage data failed to keep an earlier rally by the Antipodean unit alive, but President Donald Trump's reported push to prevent China devaluing its Renmimbi in the future has scope to be a significant positive for the curency.
February 20,2019
The Pound-to-Australian Dollar rate is trading at 1.8130 early on Tuesday of the new week after losing -1.10% last week, but is poised to edge higher over the coming days.
February 19,2019
The Australian Dollar rose Thursday as markets cheered fresh signs the White House could be willing to extend trade negotiations with China past a March 01 deadline, although new forecasts from UBS and Commonwealth Bank of Australia suggest things are already about as good as they'll get for the Antipodean currency.
February 14,2019
The Australian Dollar rose Tuesday as investors cheered an agreement struck overnight in Washington that will avert a second 2019 U.S. government shutdown, which has buoyed so-called risk assets including the Antipodean currency.
February 12,2019
The technical outlook for GBP/AUD is marginally bullish as the pair is rising in a clear ascending channel which is expected to continue along the lines of the old adage that ‘the trend is your friend’. Inflation and GDP data forms the primary focus for Sterling in the week ahead while Chinese trade data will be watched by Aussie traders.
February 11,2019
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