The Australian Dollar and other 'risk on' currencies that show a strong positive correlation with the performance of global stock markets were outperforming at the start of the new week, amidst a combination of investor relief at news that Pfizer's vaccine candidate has been successful and that the U.S. election cycle is coming to a conclusion.
November 9,2020
The Australian Dollar was unfazed Friday by reports warning of further imminent trade troubles with China as global factors instead set the agenda for antipodean exchange rates, although long-term risks posed by changes in Chinese commodity demand could still be significant.
November 6,2020
The Australian Dollar was an outperformer in another day of gains for risk assets including commodity-linked currencies but the outlook for the antipodean unit may have been bolstered this week with the tentative outcome of the U.S. election, according to strategists at Deutsche Bank.
November 6,2020
The Australian Dollar and other 'commodity currencies' lost ground against major peers such as the Pound, Euro and U.S. Dollar on signs U.S. politics were headed for acrimony amidst a tightly fought presidential election, and analysis from Commonwealth Bank of Australia suggests further losses are possible.
November 4,2020
The Australian Dollar overlooked an aggressive easing of monetary policy at the Reserve Bank of Australia (RBA) and a landmark threat of intervention in the currency market on Tuesday as the pending U.S. election dominated the agenda for investors, but analysts say the bank's new policy bent leaves the Aussie vulnerable.
November 3,2020
News that China is looking to ramp up a trade war with Australia could weigh on the longer-term outlook for the Australian Dollar according to analysts, however near-term price action in the currency was positive at the start of what is billed to be a busy week as global investors looked towards the U.S. election.
November 2,2020
The Australiaan Dollar was treading water on Friday and could be volatile in the coming days when October's Reserve Bank of Australia (RBA) policy decision is unveiled just as Americans vote in the all-important U.S. election, although a range of analysts see the Aussie Dollar rally surviving next week's turbulence.
October 30,2020
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