Assuming the consensus forecast of economists is correct then Australian inflation will sit at the lower bound of the 2% to 3% inflation target, which could prompt a gradual repricing of Reserve Ba…
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A lack of market-moving data from Australia combined with bullish chart outlook on GBP/AUD and an easing in Brexit negotiations angst may help propel the Pound-to-Aussie higher in the coming week.
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There is consensus on the likely state of the Australian labour market in September, but there is nothing like agreement on the fate of the Aussie Dollar in the fourth-quarter and beyond.
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The RBA is becoming less intolerant toward a strong AUD and is more satisfied with the domestic and international economic picture, but many strategists still see it remaining on hold throughout 20…
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The Pound is struggling to make headway against the Australian Dollar in current currency market conditions and we are inclined to expect further declines in GBP/AUD over coming days.
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AUD/USD could see the most downside of all, although a lower risk trade for speculators is to short the Aussie against emerging market currencies, according to Deutsche Bank strategists.
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The Pound-to-Australian Dollar may be forming a bearish topping pattern which could see the pair fall with 1.63 identified as an immediate target.
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