The Pound-to-Australian Dollar rate was trading close to one-year highs early in the new week and could benefit over the coming days from what has been a rising level of support, which now underpins the exchange rate a short distance below the 1.84 handle.
June 21,2021
The Australian Dollar hit its lowest level for 2021 ahead of the weekend, supporting GBP/AUD near year-to-date highs in the process, although St George Bank has warned that an ongoing bounce in the U.S. Dollar could lead AUD/USD to fall as low as November 2020 levels.
June 18,2021
Foreign exchange analysts at Wall Street banking giant Morgan Stanley aren't convinced the Reserve Bank of Australia is going to become a source of significant source of upside impetus.
June 17,2021
The Pound-to-Australian Dollar exchange rate could potentially sustain a move above 1.84 during the weeks and months ahead if Australia’s ongoing battle to revive a long-inadequate inflation pulse continues to render the antipodean unit a laggard among major currencies.
June 18,2021
Australia's slow vaccination rollout leaves the country vulnerable to further cycles of economically damaging lockdowns, and this could be one reason why the Australian Dollar is underperforming shows a new analysis.
June 8,2021
The Reserve Bank of Australia could increasingly become a source of support to the Australian Dollar when it announces what amounts to a 'soft taper' at its July policy meeting.
June 7,2021
The Pound has reached a new seven-month high against the Australian Dollar ahead of the weekend amidst a critical break lower in the headline Australian-U.S. Dollar exchange rate (AUD/USD) and a potential turn in price of commodities.
June 4,2021
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