Thursday's speech by Reserve Bank of Australia Governor Bullock is the main event out of Australia this week. However, it will be a U.S. jobs report that will determine where Friday's close is reco…
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The Australian dollar should manage to eke out further advances, with the help of a supportive central bank, but the process will be slow as China remains a constraint.
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The Australian Dollar was higher against all its G10 counterparts after a monthly measure of inflation beat expectations.
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The Pound and Australia are two of the FX market's outperformers, which has left the GBP/AUD exchange rate tracking a sideways trend.
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The Pound to Australian Dollar exchange rate has consolidated its rally into early August and could now be likely to trade within a narrow range just above the 1.93 handle over the coming days.
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The Australian Dollar rose against all major currencies on Wednesday, weighing on GBP/AUD along the way, after local labour market figures surprised on the strong side of expectations for July.
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The Pound to Australian Dollar exchange rate has receded from early August highs but economic data on both sides of the GBP/AUD equation could help the pair to steady above 1.9315 in the week ahead…
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