Australian dollar exchange rates (AUD) failed to get a boost from the much-watched Chinese GDP data released overnight but markets continue to forecast ever-lower levels in the Aus dollar.
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The Australian dollar is forecasted to lose yet more ground in a currency environment increasingly dominated by US dollar strength.
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Concerns that an unwinding of GBP/AUD long positions amongst the global FX trading community would keep the rate under pressure has proven to be unfounded.
Read more … →The fortunes of the pound sterling to Aus dollar exchange rate has taken a dramatic turn today with the AUD surging higher.
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The Australian dollar (AUD) has surged higher against the Pound Sterling potentially bringing an end to the lathers period of dominance.
Read more … →The Aus dollar (AUD) is lower across the breadth of the foreign exchange rate markets as investors choose to ignore some solid retail sales figures released earlier in the day.
Read more … →The Australian dollar (AUD) has come under pressure on Wednesday in an environment of US dollar strength. Also weighing is the latest set of ABS job vacancies data.
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