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The Australian economy is now at a very real risk of sliding into recession according to analysis from AMP in the wake of the Reserve Bank of Australia's decision to raise interest rates a further 25 basis points Tuesday.
June 6,2023
The RBA raised the cash rate target to 4.10% and said it was open to hiking rates further, a decision that triggered a rally in the Australian Dollar.
June 6,2023
GBPAUD remains in a multi-week uptrend, however, near-term turbulence inspired by Australia's central bank can offer opportunities in either direction.
June 5,2023
Improved global investor risk sentiment and rising bets that the Reserve Bank of Australia (RBA) will hike interest rates on June 06 helped the Australian Dollar rally ahead of the weekend.
June 2,2023
The Australian Dollar firmed as a Chinese manufacturing survey for May showed the sector returned to growth, but other data point to a shaky recovery that could limit the upside potential in China-linked assets.
June 1,2023
The Australian Dollar was one of the bigger fallers in the advanced economy currency space in mid-week trade as losses lifted GBP/AUD to one-year highs while helping to paint an increasingly bullish picture onto the charts.
June 5,2023
The Pound to Australian Dollar exchange rate opened the holiday-shortened week near the month's highs and some of its best levels for more than a year but it could reach toward the sky if inflation recedes further in the direction of the Reserve Bank of Australia (RBA) target this Wednesday.
May 30,2023
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