The Pound-to-Australian Dollar rate could recover briefly to levels not since this May in response to any Brexit trade agreement announced over the coming weeks, NAB forecasts suggest, although the bank has also warned that heavy losses could befall Sterling this week if the UK walks away from the negotiating table. 

October 14,2020

Chinese coal

Reports that Chinese power stations, steel mills and ports have been told to stop taking in Australian coal have hit valuations in the Australian Dollar, according to foreign exchange analysts.

October 13,2020

The Australian Dollar toppled into the new week with the Chinese Yuan on Monday but buoyant stock markets, bearish investor sentiment toward the U.S. Dollar and domestic jobs figures are among the factors that are expected to drive an anticipated outperformance from here. 

October 12,2020

The Australian and New Zealand Dollars rose broadly in the final session of the week even as they pay the cost of continued international border closures but next year a reopening of decimated domestic tourism sectors could provide antipodean economies, and currencies, with a late 2021 shot in the arm. 

October 9,2020

Australian Dollar vs. Pound Sterling

The Pound-to-Australian Dollar exchange rate is in the middle of a long-term range that it appears glued to and the prospects of a near-term trend change in the currency appear relatively limited.

October 8,2020

The Australian Dollar could be constrained over the coming weeks by the Reserve Bank of Australia (RBA) monetary policy outlook, according to local analysts, although a widening U.S. budget deficit and prospect of a global economic recovery currently insure a brighter, medium-term outlook. 

October 8,2020

Governor Lowe

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

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