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“A tariff war may generate a few jobs in the US steel sector, but there will be more losers as the cost of manufacturing rises and trade frictions deepen...If the US strategy going forward is to engage China in a wider array of products, retaliation will be all but inevitable.”
March 9,2018
The January 26 to March 01 sell off has pushed the AUD/USD rate some 5% below its 2018 peak and technical strategists are increasingly flagging the downtrend as running out of steam.
March 7,2018
Tuesday's current account augurs fears over Wednesday's GDP number while the RBA remained commited on the road to nowhere in March. Technical factors could push the Aussie higher yet.
March 6,2018
GBP/AUD has been trading sideways over the last week but there is a possibility it could go higher in the week ahead.
March 5,2018
“Until we see some evidence of wages growth, the RBA will remain on the sideline, and the AUD will continue to be dictated to by global forces,” - ANZ Bank.
March 5,2018
GBP/AUD has been rising steadily and is tipped to go even higher in the week ahead if it can break above the 1.80 highs.
February 26,2018
Australia's Dollar is unlikely to offer an exiting domestic backstory in 2018 but its worst days are probably behind it, and the currency still presents a cheap opportunity to bet against the US greenback.
February 23,2018
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