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The Australian Dollar softened in midweek trade after pulling a previously-rallying Pound lower from one-year highs in prior sessions but the antipodean currency might need the help of its currently-resilient UK counterpart if the correction in GBP/AUD is to be sustained over the days ahead.
March 15,2023
The Pound to Australian Dollar exchange rate stalled at one-year-highs before reversing to the downside early in the new week but would risk a deeper corrective setback if clarity emerges around the Australian employment situation or if UK economic developments hamstring Sterling in the days ahead.
March 14,2023
AUD undermined by RBA credibility issues: Credit Suisse.
March 10,2023
Foreign exchange strategists at a leading Australian bank say the Pound can extend its recent gains against the Australian Dollar.
March 8,2023
The Australian Dollar was knocked lower following the Reserve Bank of Australia's signal it was readying to end its interest rate hiking cycle, while data from China also came in weaker than expected.
March 7,2023
TD Securities say a repeat of the line "further increases in interest rates will be needed" would amount to a 'hawkish' outcome from an Australian Dollar perspective.
March 6,2023
The Australian Dollar was the clear underperformer at the start of the new week following news that Chinese authorities had set annual growth targets at lower levels than the market was expecting.
March 6,2023
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