Data from the CME Group shows asset managers have ramped up bets against the Australian Dollar as they anticipate an interest rate cut from the Reserve Bank of Australia in 2024.
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Commodities, stocks and risk-sensitive currencies such as the Australian Dollar benefited at the start of a new week amidst a retreat in the Dollar and some positive data out of China.
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Australia's trade surplus has fallen to a 17-month low amidst a decline in falling commodity export earnings linked to the slowdown in China.
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The Australian Dollar was sharply lower after the Reserve Bank of Australia (RBA) opted to keep its base interest rate unchanged at 4.10% and communicated it was not committed to raising interest r…
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GBPAUD extends recent pullback from highs as upside momentum wanes.
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The Australian Dollar's rebound against the British Pound and other European currencies was supported Thursday by the release of strong domestic capital expenditure and Chinese data.
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The Pound to Australian Dollar exchange rate reached more than three-year highs earlier in August but the rally has become increasingly speculative and one trader says that betting on an eventual u…
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