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Australian dollar trading has surged following the unwinding of popular carry trades over recent sessions, making the antipodean currency the fifth most traded on the interbank market, according to Goldman Sachs data.
August 7,2024
The Pound to Australian dollar exchange rate has leapt to post-pandemic highs in recent trade and the author’s model suggests it’s likely to remain buoyant above the nearby 1.96 handle over the coming days.
August 6,2024
The Australian Dollar is lower against its major peers after Australia's quarterly inflation figures eased pressure on the Reserve Bank of Australia (RBA) to raise interest rates again.
July 31,2024
The Pound to Australian Dollar exchange rate can undergo a decent pullback in the coming days as it corrects from heavily overbought conditions.
July 29,2024
The sell-off in the Australian Dollar snowballed following yet another surprise interest rate cut at the People's Bank of China (PBoC) and a continuation of the 'carry trade' unwind centred on the Yen.
July 25,2024
Falling industrial metal prices linked to disappointing policy developments in China are said to be weighing on the Australian Dollar.
July 24,2024
Should global investor sentiment deteriorate further in the coming days, there is a good chance that GBP/AUD will make a run for 2024 highs at 1.9570.
July 23,2024
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