The Australian Dollar is in the process of reversing a long-term downtrend against the U.S. Dollar with the AUD/USD pair in the process of piercing through a major trendline.
January 31,2019
The Australian Dollar rose broadly Wednesday after inflation surprising on the upside for the final quarter, although gains could prove short-lived because the jury is still out on whether an Reserve Bank of Australia (RBA) interest rate cut is in the cards for the months ahead.
January 30,2019
The Australian Dollar could be on course for fresh losses over the coming weeks as markets are forced to take stock of what is an increasingly negative outlook for domestc interest rates, according to analysts at HSBC, who say clients of the bank should sell the Antipodean unit around current market levels.
January 28,2019
The Pound is positioned for further gains against the Australian Dollar from a technical perspective, however the outlook for the GBP/AUD exchange rate will rest with a series of Brexit votes in the British parliament on Tuesday and the performance of Chinese stock markets.
January 27,2019
The Australian Dollar sky-rocketed in the final session of the week, as the U.S. Dollar slumped, in response to speculation suggesting that a second change in Federal Reserve (Fed) monetary policy could now be in the pipeline as well as series of solid corporate earnings reports..
January 25,2019
The Australian Dollar slumped to a three-week low Thursday after an apparently strong labour market report for December was overshadowed by National Australia Bank (NAB) having joined other major lenders in hiking its variable mortgage rates, stoking fears for the housing market and economy.
January 24,2019
Forecasts for the Australian Dollar against the Pound, Euro and U.S. Dollar from Australian lender NAB.
January 23,2019
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