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
The Australian Dollar advanced against most major rivals on Wednesday in a performance that was incongruous with its commodity sensitivity and investors’ increased concerns over the European coronavirus situation, although some analysts say this strength is likely to fade promptly.
October 28,2020
The Pound-to-Australian Dollar exchange rate could rise to a five-month high above 1.90 in the event that a Brexit trade deal is reached over the coming weeks, according to research from Commonwealth Bank of Australia, as Sterling enjoys a relief rally and the Reserve Bank of Australia (RBA) keeps the Aussie on its back foot.
October 27,2020
Having breached the 1.85 level last week, the Pound-to-Australian Dollar exchange rate finds itself pulling back and retracing gains amidst building anticipation as the Brexit saga nears it climactic finish.
October 26,2020
The Australian Dollar is threatening to enter a fresh technical medium-term downtrend against the British Pound, according to technical analysis conducted by NAB.
October 23,2020
The Australian Dollar has lost 2.40% in value against the British pound over the course of the past month, with a notable amount of that loss coming over the course of the past 24 hours amidst improved sentiment towards Sterling regarding Brexit negotiations and softer global markets that are weighing on the Aussie.
October 23,2020
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