The Pound-to-Australian Dollar rate in the black for the year-to-date even as it beat a retreat on Thursday but could be likely to see one-year highs and above before the curtain closes on 2021, according to new upgraded forecasts from Commonwealth Bank of Australia and Nomura.
March 11,2021
The Australian Dollar languished near the bottom of the major currency pile on Wednesday as the U.S. Dollar outperformed, although the Aussie remains a favourite with forecasters and the outlook for it supported by solid fundamentals that were acknowledged further by the Reserve Bank of Australia (RBA) mid-week.
March 10,2021
The Australian Dollar fell to a new three-month low against the British Pound and will likely remain under pressure as long as iron ore prices struggle, according to analysts we follow.
March 9,2021
The British Pound looks set to retest recent February highs against the Australian Dollar over coming days as the UK currency remains an outperformer in the foreign exchange space.
March 8,2021
The fundamental backdrop underpinning the Australian Dollar was bolstered Thursday by news of a fresh record high in Australia's trade surplus, but struggling global equity markets appear to be preventing any liftoff in the currency in the near-term.
March 4,2021
The Australian Dollar is likely to appreciate over coming months as it plays catch up with a surge in value of global commodity prices, which have helped underpin the country's booming trade surplus.
March 2,2021
The Australian Dollar is struggling against the Pound, Euro, U.S. Dollar and other major currencies as a rise in U.S. bond yields threaten the global reflation trade and the Reserve Bank of Australia surprises investors with its latest interventions in the Aussie bond markets.
March 1,2021
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