The Australian Dollar leapt by nearly a percent against the U.S. Dollar ahead of the weekend thanks to a combination of rising Australian government bond yields and surging commodity prices, two prime drivers of Aussie Dollar demand.
February 19,2021
The Australian Dollar was found at the bottom of the major currency basket on Thursday amid hallmarks of widespread investor risk aversion, although underperformance has best characterised the currency ever since the Reserve Bank of Australia (RBA) was seen shifting onto what isn't far from an "FX war" footing.
February 18,2021
The Australian Dollar is the best performing major currency of the past week and gains appear to correlate with an uninterrupted six day rally in bulk iron ore futures, confirming the importance of this commodity.
February 17,2021
The Australian Dollar was a straggler among major currencies on Monday as Reserve Bank of Australia (RBA) monetary policy continued to handicap the antipodean unit, enabling GBP/AUD to rise with an outperforming Pound that could have scope for further gains over the short-term.
February 15,2021
The Australian Dollar will continue to advance in value against the British Pound and U.S. Dollar say foreign exchange analysts at NatWest Markets, the UK high-street lender and investment bank.
February 11,2021
The Australian Dollar is being tipped to undergo some near-term weakness by foreign exchange analysts at investment bank BNY Mellon, but they tell clients they remain optimistic on the currency's chances of appreciation over coming months.
February 10,2021
The Pound-to-Australian Dollar exchange rate (GBP/AUD) has shifted lower in the wake of a recovery in iron ore prices, a development that tends to bode well for Australia's export earning potential.
February 9,2021
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