The Australian Dollar was weaker after it was reported Australia's headline rate of inflation retreated from 5.6% year-on-year to 5.4% in the second quarter, prompting markets to lower expectations for an August 01 interest rate hike at the Reserve Bank of Australia (RBA).
July 26,2023
The Pound to Australian Dollar exchange rate entered the new week teetering at a technical inflection point on the charts with antipodean inflation figures and a Federal Reserve (Fed) decision set to determine if it rises back toward earlier highs or breaks further below ahead of the next weekend.
July 25,2023
A strong Australian jobs report and a boost to the Chinese Yuan have conspired to propel the Australian Dollar to the top of the leaderboard on July 20.
July 20,2023
The Pound to Australian Dollar exchange rate wilted further from its highest since April 2020 in the opening half of the week but could find losses limited by an earlier technical resistance on the charts in the short-term even as twin fundamental and technical headwinds scupper any attempted reapproach of 1.93.
July 19,2023
For a boost, the Aussie Dollar will need a surprisingly strong Australian inflation reading next week to prod the Reserve Bank of Australia (RBA) into restarting its interest rate hiking cycle.
July 18,2023
GBPAUD uptrend remains alive despite recent pullback.
July 17,2023
The Australian Dollar appeared to bid goodbye to one while offering a salute to another in the final session of the week after the chancellor announced the appointment of a lady to the high chair of the manor at the Reserve Bank of Australia (RBA) in a succession of now outgoing Governor Philip Lowe.
July 14,2023
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