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The recovery in the Pound to Australian Dollar exchange rate appears to have stalled at the 200-day moving average (DMA) and raises the potential for a resumption of selling pressures in the coming days.
May 28,2024
The recent upsurge in metals prices should keep the Australian dollar supported, more so now with Iron Ore prices hitting their highest levels since February.
May 22,2024
The Australian Dollar was the day's underperformer following a fall in Chinese equity markets and the release of minutes from the Reserve Bank of Australia (RBA), which revealed that the hurdle to further rate hikes is set high.
May 21,2024
The Australian Dollar is on a hot streak, and we expect it to make further gains against Pound Sterling in the coming weeks, although the coming days could see a recent consolidation extend.
May 20,2024
The Australian Dollar is the day's worst-performing G10 currency on the back of fresh evidence of a slowing Chinese economy and a tinge of investor disappointment at new measures aimed at boosting the housing market.
May 17,2024
The Australian Dollar fell against all its G10 currency peers after Australia's labour market statistics disappointed against expectations.
May 16,2024
The Australian Dollar is outperforming major peers as supportive news regarding China's property sector pips domestic wage figures to take the driving seat in midweek trade.
May 15,2024
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