The Australian Dollar advanced across the board Wednesday following better-than-expected GDP data for the final quarter and is being tipped to go further in the coming days as interest rate differentials become less of a burden and as the coronavirus crisis takes a heavier toll on other currencies.
March 4,2020
The Australian Dollar fell back against the Pound in the wake of the Reserve Bank of Australia's (RBA) decision to cut the cash rate by 25 basis points, taking Australia's basic interest rate from 0.75% to 0.50%.
March 3,2020
Global central banks look ready to step in and mitigate the impact of the coronavirus outbreak, a move that has buoyed global markets and the risk-sensitive Australian Dollar, ahead of an important Reserve Bank of Australia monetary policy meeting.
March 2,2020
The Australian Dollar hit its lowest level since March 2009 Wednesday as investors continued to count the possible cost to the global economy from the spread of the new coronavirus, although strategists at Westpac have preemptively told clients the antipodean currency is "not cheap."
February 26,2020
The Australian Dollar is mixed at the start of the new week, trading lower against the traditional 'safe haven' currencies such as the Dollar, Yen and Franc amidst a resurgence of coronavirus jitters in global markets. However the Australian unit is notching up some gains against the likes of Sterling and the Canadian Dollar.
February 24,2020
The Australian Dollar was down on Thursday and could fall further over the coming weeks as financial markets price-in an interest rate cut from the Reserve Bank of Australia (RBA) in response to what was a dire January jobs report.
February 21,2020
The Australian Dollar shifted onto the front foot amid a rebound in risk appetite Wednesday but will be confronted in the overnight session by January jobs data that risks prompting a reversal of the recent repricing of the Reserve Bank of Australia (RBA) interest rate outlook.
February 19,2020
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