The Australian Dollar has broken below a key level amidst the ongoing Trump realignment on global markets and soft domestic data.
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For the Australian Dollar, Trump's victory could be changing from a tailwind to a headwind.
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GBP/AUD is forecast to maintain an upward bias in the coming five days. Risks include UK and Aussie labour market data releases and U.S. inflation midweek.
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The Aussie Dollar fell ahead of the weekend as investors expressed disappointment towards China's latest stimulus package.
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The Australian Dollar has surprised analysts by advancing on confirmation Donald Trump has won the U.S. election.
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A Trump victory could boost stocks yet result in a depreciation of the Australian dollar (AUD).
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We would expect a big decline in the Pound to Australian Dollar exchange rate (GBP/AUD) if Kamala Harris wins the U.S. Presidential election.
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