The Pound-to-Australian Dollar rate may be curbing into a short-term consolidation range following a six percent rally thus far in 2021 and now that AUD/USD is showing signs of stabilisation, although the bigger picture may now be one of a longer-term paradigm change in the making.
August 5,2021
Despite a gruelling Sydney lockdown and expectations for the economy to shrink in the third quarter, the Reserve Bank of Australia has said it will continue to reduce its quantitative easing programme as per plans laid out in July.
August 3,2021
The Pound-to-Australian Dollar rate is increasingly close to becoming the best performing Sterling exchange rate for 2021 and could see aggressive further upside if the Reserve Bank of Australia (RBA) comes out swinging on Tuesday in support of the troubled Australian economy.
August 2,2021
The Reserve Bank of Australia must react sooner rather than later to signs that the economy is suffering a sharp slowdown in activity says one of the country's big banks.
July 30,2021
The near-term outlook has turned less favourable for the Australian Dollar say economists at Wells Fargo in their latest global economic and exchange rate forecast update, although they remain of the view the currency will ultimately trend higher in 2022.
July 30,2021
The Australian Dollar looks set to round of the month of July as the second-worst performer in the G10 space, burdened by expectations that a slew of lockdowns to contain Covid-19 will result in an economic contraction in the third quarter of the year.
July 28,2021
Foreign exchange trading strategists at big-name investment banks are targeting a rise in value in the British Pound against the Australian Dollar, citing a divergence in pandemic fortunes between the two countries over coming weeks.
July 27,2021
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