There has been a definite pick- up in upside momentum in GBP/AUD of late. However, a pullback is likely during the next couple of days, with the focus turning to the RBA decision.
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Despite being undervalued, the Australian Dollar should fall "materially further" in 2025. But near-term, the exchange rate could find some support.
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The Australian Dollar is under pressure amidst political chaos in South Korea and a surprisingly weak domestic GDP print.
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The Australian Dollar will have RBA caution in its corner in 2025.
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GBP/AUD recovery is building momentum, and further advances are possible this week.
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Australian interest rates won't be cut in the "near term", warns the Governor of the Reserve Bank of Australia (RBA), confirming interest rates will remain a bedrock of Australian Dollar strength.
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The Australian Dollar was the second-worst performing G10 currency after U.S. president-elect Donald Trump said he was ready to hike tariffs from day one.
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