The Reserve Bank of Australia (RBA) has on Tuesday signalled it will offer the economy further support in coming weeks, a message that has triggered an across the board decline in the value of the Australian Dollar.
October 6,2020
The Reserve Bank of Australia's October policy meeting will he the Australian Dollar's key hurdle to overcome this week, with markets expecting another interest rate cut aimed at offering the economy further support.
October 5,2020
The British Pound's recovery against the Australian Dollar faded amidst a broad recovery in global investor sentiment and data from Australia showing the employment market improved markedly in August.
October 1,2020
The Australian Dollar outperformed Tuesday but with global growth concerns mounting and the U.S. election barely more than a month away, it risks falling short of some bullish year-end forecasts while a range of analysts have warned that it's vulnerable to fresh losses in the short-term.
September 30,2020
The Pound has rallied against the Australian Dollar and a host of other major currencies over the course of the pat week, leading technical analysts at Swiss investment bank Credit Suisse to strike a more upbeat tone on the outlook.
September 29,2020
The British Pound last week recorded its strongest advance against the Australian Dollar since January after it appreciated 2.4%, and momentum studies suggest further gains are possible as the market takes on an increasingly bullish feel.
September 28,2020
The Australian Dollar was dumped on Friday as a rallying U.S. Dollar weighed on commodities and many of the currencies that are underwritten by them, while eclipsing an Australian government move to pump up the housing market.
September 25,2020
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