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
The Australian Dollar got the better of Pound Sterling Tuesday but ceded ground to most other rivals as mounting fears over the spread of China's coronavirus continued to besmirch an outlook that had at least appeared to improve alongisde the labour market last week.
January 29,2020
The GBP/AUD exchange rate is trading higher on Monday after the Australian Dollar fell in sympathy with a decline in the Chinese Yuan, which is sharply lower in light of developments surrounding the Coronavirus.
January 27,2020
The Australian Dollar outperformed all major rivals including Pound Sterling ahead of the weekend after Westpac walked back a forecast a February interest rate from the Reserve Bank of Australia (RBA), helping to sustain an earlier lift in market expectations for the cash rate.
January 26,2020
Page 143 of 278