The Australian Dollar remained one of the better performing major currencies of the period in the mid-week session but its recovery prospects are likely limited, according to Capital Economics, and downside risks are growing due to developments around commodity prices and the Chinese economy.
July 7,2021
The Australian Dollar was the best performing major currency on the day the Reserve Bank of Australia (RBA) said it would start slowing down its asset purchase programme in a nod to the economy's ongoing strength.
July 6,2021
The Pound-to-Australian Dollar exchange rate (GBP/AUD) has fallen into the middle of its June-July range at 1.8390, an entirely predictable move given the gravitas of the looming policy update from the Reserve Bank of Australia (RBA).
July 5,2021
The Pound-to-Australian Dollar exchange rate is one of few Sterling pairs to have remained on its front foot in the last month, although analysts at Westpac say it could rise further over the short-term.
July 2,2021
Foreign exchange analysts say the increased uncertainty caused by new lockdowns in Australia over recent days could trigger further Australian Dollar weakness, but only if the Reserve Bank of Australia becomes more cautious.
June 29,2021
The Pound-to-Australian Dollar exchange rate rose back above the 1.83 handle early in the new week but may struggle to sustain much of any further recovery ahead of July’s policy decision from the Reserve Bank of Australia (RBA) next week.
June 28,2021
Australia’s Dollar is facing renewed confinement in and around recently-reduced levels over the coming weeks, according to analysts at Credit Suisse, given similar stances on the interest rate outlook at the Reserve Bank of Australia and Federal Reserve.
June 24,2021
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