Foreign exchange analysts at Commonwealth Bank of Australia say the Australian Dollar is due a "pause for breath" from its multi-week trend of appreciation, amidst "surging coronavirus cases in the U.S. and elsewhere".
July 6,2020
The Australian Dollar was outperforming major rivals on Friday gains were limited as risk assets ebbed in what was also the beginning of a long holiday weekend for Americans, which comes as the next Reserve Bank of Australia (RBA) policy decision looms over the week ahead.
July 3,2020
The Pound-to-Australian Dollar rate faces a long and steady downtrend according to new forecasts from Aussie lender St George Bank, which sees the antipodean unit riding a global economic recovery back toward its post-float average in the coming years, although Sterling is tipped for a short-lived plateau this summer.
July 2,2020
Australia continues to earn more from international trade than it spends, confirming that a significant fundamental anchor for the currency exists that could result in further strength over coming weeks and months.
July 2,2020
The Australian Dollar will likely remain supported as long as a recovery in the trade of basic commodities continues, which is likely given ongoing signs of voracious demand from China.
July 1,2020
The Australian Dollar was tumbling Tuesday after Victoria State reimposed a 'lockdown' to contain a second outbreak of coronavirus that risks seeing the antipodean go from hero to zero in the currency market.
June 30,2020
The Pound-to-Australian Dollar exchange rate is likely to extend a well-defined and entrenched decline over coming days and weeks, however the Aussie Dollar's ongoing bout of appreciation against Sterling and other currencies could stumble if an outbreak of covid-19 infections in Victoria is not contained.
June 29,2020
Page 131 of 280