The Australian Dollar was flying close to the sun on Thursday because a repricing of the Reserve Bank of Australia (RBA) outlook has left the antipodean unit vulnerable to the already-observable impact of the coronavirus that’s crippling China’s economy.
February 7,2020
The Pound weakened against higher-yielding rivals Wednesday and could be set for further declines against the Australian Dollar, according to strategists at TD Securities, who've reiterated an earlier reccomendation that clients sell the Pound-to-Australian Dollarr rate.
February 6,2020
The Australian Dollar ended the Tuesday session as the best performing major currency after the Reserve Bank of Australia (RBA) indicated further cuts to the cash rate are unlikely in the short-term, although Westpac says the rally has left it at risk of becoming expensive.
February 5,2020
The real engine of the Australian Dollar's jump is the guidance offered by the RBA which was more upbeat than many had been predicting.
February 4,2020
A supportive global backdrop for the Australian Dollar is further reinforced by expectations that no interest rate cut will be forthcoming from the Reserve Bank of Australia (RBA) this week, although expectations for a cut later on in 2020 will likely keep upside limited.
February 4,2020
The Australian Dollar was scraping the bottom of the barrel Thursday as investors vented their fears about the coronavirus outbreak through the China-linked antipodean currency, which suffered its biggest loss to a Pound Sterling that's been boosted by January's Bank of England (BoE) interest rate decision.
January 30,2020
Australia's Dollar softened Wednesday even after final quarter inflation numbers surprised on the upside, as markets second guessed whether they were right to price-out the prospect of a fourth interest rate cut from the Reserve Bank of Australia (RBA) for next Tuesday.
January 30,2020
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