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
The Australian Dollar is forecast to decline over the course of the coming six months by Rabobank, citing a combination of RBA policy shifts, waning iron ore and coal demand and a broader 'risk off' phase in global markets.
September 24,2020
The Pound-to-Australian Dollar rate is bottoming out according to Westpac, which says Sterling should now trade in a narrow range during the final quarter after the Aussie was wobbled by a U.S. Dollar rebound and as investors navigate the pitfalls of November's U.S. presidential election.
September 23,2020
The Australian Dollar fell Tuesday following a speech by Reserve Bank of Australia's Deputy Governor Guy Debelle where he touched on the value of the Australian Dollar, and raised the prospect of intervening to keep its value in check.
September 22,2020
The Pound is under fresh selling pressure at the start of the new week and is down 0.54% against the Australian Dollar and given momentum remains pitted against the Pound, GBP/AUD could be on course to soon retest 2020 lows.
September 21,2020
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