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A rebound in market sentiment has played into the hands of the Australian Dollar, which is amongst the best performers in G10 ahead of the midweek release of local inflation figures.
April 23,2024
The Pound to Australian Dollar exchange rate is teetering above the key 200-day moving average (DMA) as we write on Monday; it must stay above here if a positive technical setup is to remain entrenched.
April 22,2024
Improved global investor sentiment and an upgrade to February's bumper job report are supporting the Australian Dollar.
April 18,2024
A fall in the value of the Chinese Renmimbi has weighed on the Australian Dollar, confirming the ongoing tight correlation between the two currencies.
April 16,2024
While the Australian Dollar still looks vulnerable to a further deterioration in market sentiment, but buoyant global commodity prices and a strong domestic jobs report should limit the downside in the coming weak.
April 15,2024
The Australian Dollar looks set to end the week on a soft footing, with analysts pointing to China as a factor behind the selling pressures.
April 12,2024
Higher iron ore prices can help underpin the Australian Dollar outlook.
April 10,2024
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