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The Pound-to-Australian Dollar rate looks markedly bearish in the short-term whilst the main data releases in the week ahead are Australian trade data and new UK sector-specific activity data for December.
The gap between Australian and US bond yields now favours the US Dollar but strategists don't expect this to cause much further headache.
The price of steel may have reached a cycle high which means the Australian Dollar may be at risk of impending weakness.
The RBA's downbeat assessment of Australian inflation prospects has dampened interest rate expectations and is weighing on the Australian Dollar.
The Australian Dollar was dealt a blow Wednesday after September inflation data missed expectations, weakening the case for bringing forward expectations of a Reserve Bank rate hike.
The Reserve Bank of Australia is not likely to raise interest rates until 2020, according to research from Australian lender Westpac.
Despite recent set-backs, Normura bank recommends buying the Australian Dollar on dips, as they see the currency’s broad uptrend continuing.
The Australian Dollar to US Dollar is steadily channeling lower, according to analyst Yann Quelenn of Swiss broker Swissquote, however, his longer-term pessimistic view is not widely shared.
The Pound to Australian Dollar has bounced over the last week and may continue in the week to come.
Most currencies will not be able to avoid a certain amount of weakness after the next meeting of the Federal Reserve on Wednesday, June 13.
The Australia Dollar is vulnerable to weakness whilst the Pound is a hidden gem according to analysts at Morgan Stanley.
A major recent feature of the markets has been the steep decline in commodity prices and a knock-on effect on commodity currencies.
The Australian Dollar changed little after the Reserve Bank of Australia (RBA) rate meeting but it did mark a highpoint for the currency from which it spent the rest of the day falling.
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