The Australian Dollar rose broadly after the Reserve Bank of Australia's June policy update proved more 'hawkish' than the market expected.
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The Pound to Australian Dollar exchange rate is forecast to come under further pressure in the week ahead, provided UK inflation data undershoots expectations and the RBA delivers 'hawkish' guidanc…
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The Australian Dollar outlook was bolstered by a firm domestic labour report that will ensure the Reserve Bank of Australia (RBA) is one of the last major central banks to cut interest rates.
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HSBC analysts say the Australian Dollar will lack support from commodities, China and interest rates for the remainder of the year.
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The Pound to Australian Dollar exchange rate's recovery is growing in confidence following the recent break above the 50-day moving average.
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The Australian Dollar is near the bottom of the performance board after another selloff in global commodities and stocks.
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The Pound to Australian Dollar exchange rate is rising at the start of the new month and could end the week above a key resistance area if U.S. labour market data beats expectations.
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