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Softer than expected activity data out of China has resulted in a soft start to the new week for the Australian Dollar, with analysts at ING Bank saying they are expecting headwinds to blow against the currency over coming days.
May 17,2021
The Australian Dollar rose alongside many counterparts on Friday in a demonstration of its recently dislocated relationship with all-important iron ore prices, which could be explained by the antipodean currency's undervaluation.
May 14,2021
A slowdown in China is on the cards for the second half of the year say analysts at Société Générale, a prediction that could have implications for commodity prices and the Australian Dollar outlook.
May 13,2021
Australian lender ANZ have released research detailing how they believe the Reserve Bank of Australia is underestimating the scale of the economic rebound awaiting the country, a view which could have supportive implications for the Australian Dollar if correct.
May 12,2021
The Pound-to-Australian Dollar rate advanced early in the new week amid widespread gains for Sterling, although an ongoing decline in U.S. Dollar exchange rates poses downside risks to GBP/AUD’s current 1.78-to-1.8050 range up ahead.
May 10,2021
Australian Dollar resilience was on show over the past 24 hours as surging iron ore prices provided a protective barrier against news that China was walking out of a key trade agreement over a spat concerning a northern port.
May 7,2021
The Australian Dollar was a laggard in global foreign exchange markets Thursday after China suspended a key trade accord with Australia.
May 6,2021
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