The Australian Dollar edged lower on Tuesday and could now face a period of sideways consolidation after reaching a key technical milestone and as a trade spat wtih China simmers, although forecasters still see the antipodean unit advancing further in 2021 and almost irrespective of what Beijing does with its tariffs.
December 15,2020
The Australian Dollar is being topped to benefit from "bullish vibes from faster Asian recovery" in 2021 at Société Générale.
December 14,2020
The Pound-to-Australian Dollar rate fell to two-year lows Friday but faces further steep declines if Britain and the EU fail to reach a trade agreement this month.
December 13,2020
Surging iron ore prices have lit a fire under the Australian Dollar, allowing currency traders to ignore news that Chinese officials are looking to ban or raise tariffs on additional Australian exports.
December 10,2020
The Australian Dollar stalled with global markets on Thursday and could be susceptible to profit-taking if investor risk appetite continues to ebb given its recent outperformance and a further souring of relations with China, which targeted Australian wine exports with tariffs in the overnight session.
December 10,2020
The Australian Dollar has touched a fresh 29-month high against the U.S. Dollar and is maintains a steady trend of appreciation against the British Pound, but beware a near-term setback warns a leading European lender and investment bank.
December 9,2020
The Australian Dollar was on the offensive Tuesday but remained below last week's highs, which are tipped by Westpac to keep the antipodean unit contained over the coming days as European troubles support the U.S. Dollar and the risk of another trade spat with China rises steadily in the background.
December 8,2020
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