The Australian Dollar could remain on its front foot into year-end, according to Commonwealth Bank of Australia forecasts, which suggest the Pound-to-Australian-Dollar rate could fall by nearly 3% over the next two months.
November 9,2018
The Australian Dollar took a breather Friday as markets digested fresh forecasts from the Reserve Bank of Australia, but analysts say the Antipodean currency's recovery still has further to run.
November 9,2018
It is rare that you will see as clear a trendline break as that which has just occurred on AUD/USD.
November 7,2018
The Australian Dollar is escaping the bear trend that has gripped it throughout much of 2018, aided by a weakening U.S. greenback and the optimistic tone of the latest interest rate statement from the Reserve Bank of Australia (RBA).
November 6,2018
The improved sentiment is still with Sterling at the start of the new week with talk of a 'secret Brexit deal' in the offing supporting the Sterling-Australian Dollar exchange rate to 1.81 at the start of the week's session.
November 5,2018
The Australian Dollar's strength continues into early November but whether or not this period of appreciation can continue might actually be closely tied to the fortunes of China's Yuan where the outlook remains shaky.
November 2,2018
The Australian Dollar rose broadly Thursday after official data revealed a sharp increase in the nation's trade surplus during September, providing a tailwind to a currrency that has been boosted of late by the Chinese government's increased efforts to support the world's second largest economy.
November 1,2018
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