Statistical analysis suggests there is a strong possibility the Australian Dollar will gain further on its Scandie rival over the short term.
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The Pound will continue rising versus the Australian Dollar as a result of increased expectations that the Bank Of England (BOE) will increase interest rates.
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The Reserve Bank of Australia is not likely to raise interest rates until 2020, according to research from Australian lender Westpac.
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The Pound-to-Australian Dollar pulled back at the end of last week after Theresa May’s speech in Florence undermined the Pound, whilst the Aussie firmed as long-term prospects eclipsed short-term w…
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Despite recent set-backs, Normura bank recommends buying the Australian Dollar on dips, as they see the currency’s broad uptrend continuing.
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Household debt levels are a key concern for RBA policy makers, while a strong exchange rate could also scupper a hike, but strategists say rates will still rise in 2018.
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One economist doubts whether RBA optimism will mean a rate hike any time soon, while another questions whether policy makers are really that optimistic at all.
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