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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
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
The RBA's August policy decision looms large for AUD and new analysis suggests the meeting might disappoint those wanting a stronger currency.
July 14,2022
The Pound to Australian Dollar exchange rate entered the new week on its front foot and may be at risk of climbing toward the 1.78 handle in the days ahead.
July 12,2022
The Pound to Australian Dollar rate has been volatile but could now struggle to rise back above the very nearby 1.7662 level and may be most likely to ebb toward the round number of 1.75 if the U.S. Dollar retreats from Tuesday’s highs in the days ahead.
July 5,2022
The Australian Dollar fell in the immediate aftermath of the RBA decision to raise interest rates by 50 basis points, but a subsequent recovery suggests the decision and broader message from Governor Philip low was as expected.
July 5,2022
GBP/AUD has appreciated 1.86% over the past month and could test 1.79 says CBA.
July 4,2022
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