Analysts at Commonwealth Bank of Australia have shed some light on today's underperformance in the Australian Dollar, saying a decline in iron ore prices could be considered to be a major driver.
September 17,2020
Australia reported a bumper set of jobs data on Thursday but the buoyant domestic news was not enough to prevent the Australian Dollar from losing value, confirmation that the currency's primary considerations lie in the global sphere.
September 18,2020
The Australian Dollar's ongoing rise against the U.S. Dollar, Euro and British Pound has much to do with the value of the Chinese Yuan, therefore where China's currency goes could well determine where the Aussie Dollar heads over coming days, weeks and even months.
September 16,2020
The Australian Dollar is the best performing major currency of the day, receiving a boost against the U.S. Dollar, Euro, Pound and other majors amidst reports the state of Victoria was on track to relax an extended hard lockdown as cases fell further.
September 16,2020
The Australian Dollar's period of outperformance could fade over coming months as the government withdraws the lion's share of financial support it has provided to its citizens, according to analysts at a Swiss multinational bank.
September 15,2020
The British Pound was on Monday seen moving higher and trying to consolidate against the Australian Dollar following the previous week's 3.65% decline, as market await fresh news on Brexit trade negotiations and Sterling recovered from oversold conditions.
September 14,2020
The Pound-to-Australian Dollar exchange rate has fallen below an important long-term price average and is nearing an abyss after the gloves came off in the Brexit trade negotiations, but could go over the edge in the coming months if an ongoing row between London and Brussels leads to an acrimonious break with the EU.
September 11,2020
Page 119 of 277