The Australian Dollar remains a market favourite and has drawn further buy recommendations from analysts this week, although bullish participants risk coming under fire from the Reserve Bank of Australia which appears to have supported GBP/AUD when it recently intervened in the FX market.
April 22,2021
The Reserve Bank of Australia's hefty intervention in the country's bond markets are likely to keep a lid on the Australian Dollar over coming weeks, but by the second half of the year the currency should resume its uptrend according to new analysis.
April 19,2021
"Get ready for a showdown and sell the Aussie dollar as well as Rio Tinto, BHP and Anglo American" - John Meyer at SP Angel.
April 16,2021
A strong set of Australian employment data underscores the robust health of the domestic economy, but a forward-looking foreign exchange market opted to adopt a cool approach to the Aussie currency.
April 15,2021
Questions of when, or indeed if ever, the Australian economy will return to full potential have been raised in the wake of comments from a senior government minister that international borders could remain effectively closed for an indefinite period.
April 14,2021
Foreign exchange strategists at TD Securities are entering a "short GBPAUD position" in order to capture value in a falling Pound Sterling against the Australian Dollar which is tipped to benefit from a stronger-than-expected labour market report on Thursday.
April 13,2021
The British Pound's 2021 uptrend against the Australian Dollar remains intact with an under-pressure UK currency picking up support at a critical support level in the previous week.
April 12,2021
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