The Australian Dollar strengthened during early trading Tuesday after the Reserve Bank of Australia signalled improving confidence in the outlook for wage growth down under and that it is comfortable with the current level of the Australian Dollar when some analysts had been entertaining the possibility of a dovish turn in the bank's rhetoric.
July 3,2018
Technical studies are supportive of Pound Sterling's prospects against the Australian Dollar but much will depend on the flavour of UK PMI data and this week's RBA event.
July 2,2018
The Australian Dollar is vulnerable to further losses during the months ahead, according to strategists at Australia and New Zealand Banking Group, who argue in their latest research note that both domestic and global factors have conspired to darken the outlook for the Antipodean unit.
June 28,2018
The Australian Dollar outlook has gone from bad to worse in 2018 and the Antipodean unit is now liable for further declines in the months ahead, according to forecasts from analysts at Rabobank, who have warned of losses around the same time as Morgan Stanley strategists bet on a return to financial crisis lows for the currency.
June 26,2018
Technical studies suggest the GBP/AUD exchange rate could find its recent uptrend extend while from a fundamental perspective there is little by way of economic data this week as politics takes centre stage.
June 25,2018
The Australian Dollar slipped lower against the US Dollar Tuesday as the greenback traded on the front foots against all of its developed world rivals but this weakness is only temporary, according to strategists at investment bank Societe Generale, who forecast the Antipodean unit to rise by almost 10% against the Dollar and Pound before the year is out.
June 20,2018
The Australian Dollar fell to a one-year low Tuesday after the Reserve Bank of Australia appeared to downgrade its outlook for domestic interest rates and as financial markets responded to the latest escalation in the so called trade war between the US and China.
June 19,2018
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