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
The Australian Dollar is one of 2020's best performing major currencies thanks to a robust recovery in global investor sentiment following the March covid-19 market meltdown, however the remainder of the year should see some of this outperformance reverse according to a leading global investment bank and financial services provider.
September 10,2020
The sell-off in the Pound-to-Australian Dollar exchange rate extends into the mid-week session with a further half percent loss taking the pair to 1.7891, indications are that a test of the 2020 lows located at 1.7696 is highly likely over coming days.
September 9,2020
Foreign exchange strategists at a major investment bank have this week told clients they have downgraded their stance on the Australian Dollar to neutral, observing that RBA policy, China tensions and a weak recovery from the covid-19 crisis will provide headwinds.
September 7,2020
The pace of gains in the Australian Dollar are likely to slow, according to new analysis from global financial services provider and investment bank CIBC Capital Markets.
September 4,2020
The Australian Dollar has risen 4% against the U.S. Dollar and British Pound in 2020, and further gains are possible according to a leading Asia-Pacific lender who have told clients they are upgrading their suite of forecasts for the currency.
September 3,2020
The Australian Dollar was wobbled on Wednesday after the full cost of the coronavirus containment effort pushed Australia into its first recession for decades and as the U.S. Dollar rebounded following a hat-trick of losses that pushed it to new two-year lows.
September 2,2020
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