Aussie Dollar week ahead forecast

GBP/AUD recovering from bottom of range, reaffirming downside support levels

August 1,2022

Australian inflation

The Australian Dollar was softer against most G10 currencies after Australian inflation for the second quarter of 2022 grew 1.8% quarter-on-quarter,

July 27,2022

The Pound to Australian Dollar rate entered the new week near 2022 lows following a July long decline but could find a footing to trade within roughly a 1.7244 to 1.7498 range through the days ahead if a busy schedule of event risks pans out well for the the Aussie and Sterling.

July 26,2022

Lowe RBA

RBA Governor Lowe confirmed interest rates would likely double from current levels, potentially undermining the Australian Dollar.

July 20,2022

The Pound to Australian Dollar exchange rate came under pressure early in the new week after a buoyant Sterling was unable to offset a rally by antipodean currencies like the Aussie, which has pushed GBP/AUD below 1.75 and left it at risk of sliding back toward 2022 lows in days ahead.

July 19,2022

The Pound to Australian Dollar rate was wallowing near July lows ahead of the weekend after Australia’s jobs boom and Federal Reserve (Fed) pushback against market expectations for interest rates curtailed GBP/AUD’s earlier attempted rebound and left it at risk of further short-term setbacks.

July 15,2022

Chinese trade

The Australian Dollar fulfilled its traditional status as a proxy for investor exposure to China by falling on the day it was revealed the Chinese economy shrank in the second quarter.

July 15,2022

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