The Australian dollar is forecast to continue outperforming the pound by analysts at Rabobank.
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The Australian dollar extended gains after Australia's labour market posted strong full-time job gains and underpinned bets that the RBA will raise rates in May.
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Australian dollar pressures the pound as investors worldwide turn increasingly optimistic.
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The fuel shortage was always going to sap confidence and cool a hot economy.
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The Australian dollar shrugs its shoulders at news of the U.S. blockade of the Strait of Hormuz.
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The Australian dollar has rallied on improvements in the geopolitical sphere, but currency specialists warn of a potential reversal.
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The Australian dollar hasn't enjoyed the war in the Middle East, and is vulnerable to further declines in the coming days.
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