A fall in the value of the Chinese Renmimbi has weighed on the Australian Dollar, confirming the ongoing tight correlation between the two currencies.
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While the Australian Dollar still looks vulnerable to a further deterioration in market sentiment, but buoyant global commodity prices and a strong domestic jobs report should limit the downside in…
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The Australian Dollar looks set to end the week on a soft footing, with analysts pointing to China as a factor behind the selling pressures.
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Higher iron ore prices can help underpin the Australian Dollar outlook.
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The Pound to Australian Dollar exchange rate is at risk of testing fresh multi-week lows in the coming days, especially if Wednesday's U.S. inflation report undershoots expectations.
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The Australian Dollar is the preferred commodity currency with strategists at Bank of America (BofA) who say industrial metal market dynamics are proving supportive.
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The Australian Dollar should be stronger but has been weighed down by two factors says Goldman Sachs.
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