The Australian Dollar was among the top performing major currencies in the final session of the week but it was also close to the bottom of the barrel for the period overall and may be at risk of further losses that could see AUD/USD slipping back below 0.70, according to strategists at Westpac.
June 10,2022
"We expect the Aussie dollar’s outperformance against most other G10 currencies to continue" - Capital Economics.
June 8,2022
The Australian Dollar outperformed many other major currencies after the RBA June interest rate decision was widely interpreted as signalling a hawkish turn in the RBA’s policy stance.
June 7,2022
The Pound to Australian Dollar exchange rate entered the new week close to some of its lowest levels since 2019 and would be at risk of slipping back to 1.72 in the week ahead if Tuesday’s Reserve Bank of Australia (RBA) policy decision provides the Antipodean currency with a further tailwind.
June 6,2022
The Australian Dollar outperformed in the mid-week session but central bank policy expectations on boths sides of the AUD/USD equation could soon constrain the antipodean currency, which is also trading an elevated correlation with fragile stock markets, according to Westpac analysis.
June 1,2022
The Pound to Australian Dollar rate has struggled to sustain its May rebound and could be set to remain suppressed at the lower end of a multi-year range in the days and weeks ahead as the Chinese economy reopens in earnest, likely aiding an outperformance by the antipodean currencies.
May 30,2022
AUD could advance if the RBA takes a lead from the RBNZ and signals the need to step up the pace at which it raises interest rates.
May 26,2022
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