The Australian Dollar was said to be a beneficiary of efforts to shore up faltering Chinese property developer Evergrande, although a looming update from the Federal Reserve could upset the currencโฆ
Read more … →Falling global stock markets and iron ore prices linked to the looming potential collapse of a mega Chinese property developer keep the Australian Dollar on the defensive.
Read more … →Foreign exchange strategists at Credit Suisse say they continue to expect the British Pound to advance against the Australian Dollar.
Read more … →GBP/AUD attempts to recover 1.89 ahead of weekend, may see levels close to 1.92 on any fresh AUD declines.
Read more … →Unhappy global equity markets, disappointing data out of China and a hostile reserve bank make for a soggy outlook for the Australian Dollar.
Read more … →Reserve Bank of Australia Governor Philip Lowe castigated markets for expecting an interest rate rise as early as 2022, an intervention that sent the Australian Dollar lower.
Read more … →Strategists at RBC Capital Markets have anointed GBP/AUD as the "trade of the week", saying they are going "long".
Read more … →