RBA hikes 25bp, In line with expectations, AUD receives a boost.
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The RBA is widely anticipated to raise interest rates by 25 basis points on Tuesday, a decision that, on balance, is unlikely to spark fireworks in the Australian Dollar.
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GBP/AUD sits poised at a key area of resistance that, if broken, could usher in new highs, but failure to breach could ultimately result in a pullback over the course of the coming week.
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The Pound to Australian Dollar exchange rate retreated further from recent highs above 1.80 in midweek trade and could be likely to wander within a 1.7660 to 1.8046 range over the coming days as a …
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The Australian and New Zealand Dollars remain enthralled by developments in China, where authorities are adapting their policy response to rising Covid cases and an increasingly uncompliant populat…
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GBP/AUD has been edging higher for a number of weeks and could extend the advance if global sentiment linked to China deteriorates further.
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Newswires are reporting Beijing might be heading for a Covid lockdown, raising the prospect for near-term Australian Dollar weakness to extend.
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