Beach closed

The Australian Dollar outlook remains biased to further declines in value amidst persistently negative market conditions and the announcement of a fresh set of measures aimed at stemming the spread of the coronavirus in Australia on Monday.

March 23,2020

The Australian Dollar was on the front line of a global riposte against the U.S. Dollar Friday, lagging only Sterling in a rebound off multi-decade lows as central banks sought to ease funding shortages and tame a greenback that's grown so strong it could imperil the global economy and finanical system.

March 20,2020

Lowe

The Australian Dollar fell sharply in the wake of the decision by the Reserve Bank of Australia to cut interest rates and commit to a sizeable quantitative easing programme to stave off the negative economic impacts of the global coronavirus outbreak.

March 19,2020

Australian Dollar

Australian lender Westpac have today said they have lowered their forecasts for the Australian economy as a result of the coronavirus pandemic, as a result they now see a deeper recession occurring in 2020 than previously expected.

March 18,2020

Australian Dollar

The trend higher for Pound Sterling against the Australian Dollar is firmly intact at the start of the new trading week that sees yet further substantial losses for global stock markets and other assets associated with risk.

March 16,2020

RBA

The spot Pound-to-Australian Dollar exchange rate has moved back above the 2.0 level ahead of the weekend, amidst an ongoing selloff in the Australian Dollar.

March 13,2020

Australia has unveiled a massive A$17BN (£8.5BN) spending plan designed to curb the economic impact of the coronavirus pandemic and avert the country's first recession in 29 years.

March 12,2020

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