The Australian Dollar broke to fresh highs against the U.S. Dollar over the course of the past 24 hours leading analyst Richard Perry of Hantec Markets to say 0.7295 and 0.7395 are the next targets on the horizon.
August 19,2020
An "unstoppable" rally in commodity prices is likely to keep the Australian Dollar firmly supported according to a prominent analyst we follow, however a period of outperformance by Sterling is nevertheless ensuring the GBP/AUD continues to hold the lion's share of the July recovery.
August 19,2020
The British Pound started the new week with a half percent fall against the Australian Dollar but has subsequently found buying support around the 1.8130 area thanks to a reversal in the Australian Dollar which comes in sympathy with softer stock markets.
August 18,2020
The Pound underwent a 0.44% advance against the Australian Dollar on Thursday, but the rally ultimately failed at the 1.83 level and the GBP/AUD exchange rate has since pared its gains to quote at 1.8250 at the time of writing.
August 14,2020
The Australian Dollar fell against an outperforming British Pound on Thursday but rose against other major currencies following the release of better-than-expected Aussie jobs data.
August 13,2020
The Australian Dollar was at risk of declining to a two-month low after testing an important level of technical support on Wednesday but a somewhat widely anticipated correction lower could find itself limited by further weakness in the U.S. Dollar over coming days and weeks.
August 12,2020
The Australian Dollar could be at the at the start of a multi-year upswing that could last until through 2021, according to economists at Australian lender Westpac.
August 12,2020
Page 122 of 278