MUFG Bank says it is initiating a "long AUD/USD trade idea" based on "building investor optimism towards the growth outlook in China and globally" after recent policy changes in the U.S. and China.…
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The Australian Dollar is today's best-performing currency as China-linked assets rose after China's leaders called for fresh stimulus to bolster the economy.
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Australia's monthly rate of inflation has finally fallen into the Reserve Bank of Australia's target band, in an early signal that victory in the fight against rising prices is at hand.
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The Australian Dollar is down against the majority of its currency peers after the Reserve Bank of Australia (RBA) hinted that it was taking a path towards its first interest rate cut.
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The Pound and Australian Dollar are both outperformers in the current environment, which is flattening volatility in GBP/AUD.
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A strong Australian employment report and the tailwinds of a generous 50 basis point cut from the Federal Reserve have boosted the Aussie Dollar and will press GBP/AUD towards range lows.
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We forecast the Pound to struggle against the Australian Dollar in the week ahead owing to the strong likelihood that the Federal Reserve will cut interest rates by 50 basis points.
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