The Australian Dollar has taken a cold shower in recent months, one made longer by the Federal Reserve’s (Fed) shake up of the market in June, but newly downgraded Westpac forecasts are holding out for an antipodean comeback that is expected to push GBP/AUD lower before year-end.
July 14,2021
The Australian Dollar was seen outperforming peers following the release of some stronger-than-expected Chinese data, confirmation that developments in the world's number 2 economy remain an important driver of moves in the currency.
July 13,2021
The Pound-to-Australian Dollar exchange rate (GBP/AUD) has tested a fresh one-year high at the start of a new week, amidst signs that the Sydney lockdown will be extended and growing concerns over the Chinese economy.
July 12,2021
The Australian Dollar could remain a laggard among major currencies in the coming months, according to newly downgraded forecasts from Commonwealth Bank of Australia, in a performance that is seen helping GBP/AUD to eventually sustain its recent move above 1.85.
July 9,2021
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
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