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The Australian Dollar rebounded from prior lows to outperform other major currencies in the penultimate session of the week but might risk becoming like a fallen angel if a pending change on the Reserve Bank of Australia (RBA) board leads the market to view its monetary policy independence as lost.
February 23,2023
The Australian Dollar slipped to the bottom of the major currency bucket in the midweek session as softer-than-expected wage growth appeared to weigh.
February 22,2023
GBP/AUD under pressure & risking further losses short-term
February 21,2023
The Australian Dollar was quick to erase on Thursday the short-lived losses sustained after Australian Bureau of Statistics data warned of a year-end softening of the antipodean labour market which, if continued, could eventually have implications for Reserve Bank of Australia (RBA) interest rate policy.
February 16,2023
The Australian Dollar could be set to experience further declines in value if the S&P 500 embarks on a more protracted decline, which is anticipated in a new study conducted by JP Morgan.
February 17,2023
AUD was an underperformer in global FX after global equity markets retreated amidst softer investor sentiment and traders reacted to fresh guidance from the Reserve Bank of Australia (RBA) as to the outlook for domestic interest rates.
February 15,2023
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