AUD is an obvious casualty of fresh market concerns centred over China's response to the Covid pandemic, and further losses are likely say institutional currency analysts we follow.
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The Pound to Australian Dollar exchange rate has benefited from a corrective setback in AUD/USD that could keep Sterling buoyant above 1.7750 this week as attention turns to monetary policy comment…
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Wages rise faster than expected, offering near-term AUD support.
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AUD was firmer following a "breakthrough" meeting between Jinping and Albanese, but it is a midweek release of domestic wage data that is of importance near-term.
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GBP/AUD at 1.78 and then 1.80 is possible if the cards fall in Sterling's favour.
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GBP/AUD, EUR/AUD and AUD/USD forecasts from Intesa Sanpaolo.
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It's too soon to go "long" and bet on an enduring Australian Dollar rally, say analysts sceptical of recent excitement over rumours China is about to end its strict Covid containment policies.
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