The Australian Dollar is set to weaken over the next year-and-a-half as commodity deflation, an underemployed work-force, high levels of debt and unprofitable banks weigh on the outlook.
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Six Arab countries including Saudi Arabia and Egypt have cut diplomatic ties with Qatar, accusing it of destabilising the region.
Read more … →The pair has moved up from 1.60 lows to its current level in the 1.73s throughout the spring and we expect a continuation of that young uptrend higher.
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The ongoing decline in global bulk commodity prices continues to allow Sterling to remain in touching distance of recent highs.
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The Pound to Australian Dollar rose marginally on Tuesday following an equally diminutive rebound on Monday making two up days in a row this week so far.
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Sterling has been losing ground across the board due to renewed Brexit fears.
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Analysts at Westpac Bank in Sydney are calling time on Pound Sterling’s recent strong run against the Australian Dollar.
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