The Australian Dollar played its role as a China proxy by rising across the board after the world's second-largest economy posted a set of stronger-than-forecast economic growth figures.
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GBPAUD short-term picture stays constructive, UK wage, inflation data dominate data risk.
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AUD was underperforming on the day China revealed below-consensus inflation and trade figures, suggesting Australia's most important trading partner is still struggling to build growth momentum.
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GBPAUD drawdown fades, leaving scope for the rebound to extend.
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The Australian Dollar will remain under pressure and won't shake its laggard status until China's economy puts its skates on.
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The Australian Dollar has fallen against all its G10 currency peers amidst weak Chinese equity markets and following a decision by the Reserve Bank of Australia (RBA) to maintain interest rates and…
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The Pound's recent selloff against the Australian Dollar has eased over recent days but the exchange rate remains vulnerable to further losses, particularly if Tuesday's Reserve Bank of Australia (…
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