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The Australian Dollar has likely seen its nadir against the U.S. Dollar and has scope to rise against the Canadian Dollar over coming weeks, according to analysts at TD Securities, who say much of the bad news likely to befall Australia is already baked into the price of the Antipodean.
October 12,2018
The Australian Dollar has reached its lowest ebb against Pound Sterling and will soon begin to recover losses from the British currency, according to the latest forecasts from Lloyds Bank.
October 11,2018
The Australian Dollar was steady Tuesday after fresh stimulus from the People's Bank of China (PBOC) helped stem an exodus from Chinese stocks and stabilised the Renmimbi, but analysts say the Antipodean will soon come under renewed pressure.
October 9,2018
The GBP/AUD exchange rate has broken above key ceiling which should ultimately extend the increasingly entrenched rally, but there is the possibility of a temporary pull-back due to overbought conditions.
October 8,2018
The Australian Dollar has fallen from 0.80 to almost 0.70 against the U.S. Dollar this year in probably the steadiest downtrend of all G10 currencies but the worst is now over, according to Westpac.
October 6,2018
The Australian Dollar slipped to a fresh two-year low Friday despite a stronger-than-expected set of retail sales numbers for August, although analysts at Westpac are saying the worst is now over the Antipodean currency.
October 8,2018
The Australian Dollar outlook dimmed even further Wednesday after official data revealed a steep slump in the number of building approvals granted in August.
October 5,2018
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