The pound and dollar will continue to advance against the Australian dollar in the longer-term, but near-term strength is possible on overblown concerns over China.
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The Aus dollar has enjoyed a solid run of late with gains coming thick and fast against the euro, pound sterling and US dollar.
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Predictions for the pound sterling v Australian dollar exchange rate (GBPAUD) suggest further weakness may lie ahead but improvements in iron ore prices bode well longer term.
Read more … →The Australian dollar is in the process of recovering from a six year low hit this week, but any recovery is expected to ultimately be temporary..
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Westpac say the Australian dollar exchange rate complex (AUD) has been propped up by a number of events that they expect to be fleeting.
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The Australian dollar could find some near-term relief against the pound sterling according to new technical projections.
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The recent devaluation of the Chinese Yuan has put a veritable question mark on China’s economy.
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