The Australian Dollar was in retreat Thursday amid rising tensions between the U.S. and China but it's tipped by analysts as a buy-on-dips currency as many still see it advancing beyond recent highs in the months ahead.
July 16,2020
The Australian Dollar has recorded three successive days of advances over the British Pound this week and looks on target to test its 2020 best, helped by an ongoing recovery in global commodity prices and better than expected employment statistics out of Australia.
July 16,2020
The Australian Dollar advanced on a majority of major rivals Wednesday but was eyeing new highs against the U.S. Dollar as tensions between Washington and Beijing were overlooked amid progress in pursuit of a coronavirus vaccine.
July 15,2020
The Australian Dollar was holding its own against the greenback and Pound Tuesday after a NAB survey revealed o a sharp recovery in business confidence during June but with earnings season afoot and geopolitical tensions returning, some analysts say the antipodean unit is vulnerable to a correction.
July 14,2020
The Pound-Australian Dollar exchange rate has been turning increasingly positive during the course of July, prompting a leading financial market analyst to question whether the pair has finally shaken its post-April downtrend and is about to go higher.
July 14,2020
The Pound advanced 1.18% against the Australian Dollar last week, which made for the first weekly advance in a month and offer a rare spot of relief for Sterling sellers considering the trend has been resolutely lower since April.
July 13,2020
Pound Sterling appears set to record its first weekly gain against the Australian Dollar in a month thanks to a 1.10% gain in the GBP/AUD exchange rate that took it to a high of 1.8159, but it remains too soon to suggest that a base has been found and the multi-week run lower has come to an end.
July 10,2020
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