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
Foreign exchange strategists at Australian lender and investment bank Westpac see the recent dip in the value of the Australian Dollar as being temporary.
February 26,2021
Good news on the Johnson & Johnson vaccine, a jump in Aussie Bond yields and strong investor demand for commodities are conspiring to lift the Australian Dollar.
February 25,2021
The Australian Dollar reached new three-year highs against the Australian Dollar but was kept in check by a dominant Pound following market-supporting comments from the U.S. Federal Reserve's Jerome Powell as well as decent wage numbers out of Australia.
February 24,2021
The Pound-to-Australian Dollar rate rose on Tuesday, helping preserve what remains a year-to-date gain for a British currency that is increasingly a market favourite for 2021, although nascent price action may be only just the beginning of a likely-losing battle by the Aussie to hold the GBP/AUD rate down.
February 23,2021
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
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