Reserve Bank of Australia

The Australian Dollar was broadly softer following a decision by the Reserve Bank of Australia (RBA) to once again pause its interest rate hiking cycle.

The Pound to Australian Dollar exchange rate has faltered at its best levels for more than a year but Tuesday's Reserve Bank of Australia (RBA) interest rate decision is likely to be decisive of whether Sterling is merely being bogged down momentarily or bowled out altogether from its recent rally higher. 

AUD was softer across the board and market expectations for further RBA rate hikes retreated after the minutes showed policymakers had seriously considered keeping interest rates unchanged.

Australian outperformance extends after the Governor of the Reserve Bank of Australia (RBA) confirmed Australians faced further interest rate hikes in order to battle inflation.

The RBA raised the cash rate target to 4.10% and said it was open to hiking rates further, a decision that triggered a rally in the Australian Dollar.

The Pound to Australian Dollar rate climbed in mid-week trade after an official measure of wage growth validated Reserve Bank of Australia (RBA) forecasts and as China's Renminbi appeared to lead other currencies lower when falling beneath another important level on the charts.

The Australian Dollar topped the board among major currencies early in the new week after the Reserve Bank of Australia (RBA) cited the risk of imported inflation becoming embedded in domestic services prices for surprising markets with an eleventh increase in the cash rate.

The Pound to Australian Dollar exchange rate has rallied to some of its best levels since the onset of the pandemic only to be obstructed by a major technical resistance overhead on the charts, which could now force Sterling to consolidate in a rough 1.8855 and 1.9085 range this week. 

The Pound to Australian Dollar exchange rate reached its highest since the opening of Russia's full-scale invasion of Ukraine in ANZAC Day trade but would be susceptible to sharp corrective losses almost immediately after if Australian inflation is anything like as stubborn as that in the UK. 

RBA halts hiking cycle, AUD falls back, Gov. Lowe says further hikes are possible.

The Australian Dollar relinquished some of its earlier gains in midweek trade after official data suggested a February softening of inflation that raises the risk of the Reserve Bank of Australia (RBA) leaving its cash rate unchanged next week and could help to support GBP/AUD near recent highs. 

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The Pound to Australian Dollar exchange rate's recent performance has been helped by significantly improved bond yield differentials that could be likely to offer further support for the currency pair in the weeks and months ahead.

The Australian Dollar softened in midweek trade after pulling a previously-rallying Pound lower from one-year highs in prior sessions but the antipodean currency might need the help of its currently-resilient UK counterpart if the correction in GBP/AUD is to be sustained over the days ahead.

AUD undermined by RBA credibility issues: Credit Suisse.

The Australian Dollar was knocked lower following the Reserve Bank of Australia's signal it was readying to end its interest rate hiking cycle, while data from China also came in weaker than expected.

The Pound to Australian Dollar exchange rate remained near three-month highs in mid-week trade after local data queried elevated market-implied expectations for the Reserve Bank of Australia (RBA) cash rate, which could yet stoke further political controversy over the pathway of borrowing costs.

Westpac economists have raised their forecast for the Reserve Bank of Australia (RBA) cash rate to 4.1% after the latter adopted a more hawkish tone in its  February monetary policy statement owing to concerns about a divergence between inflation at home and abroad.

The Australian Dollar rebounded from prior lows to outperform other major currencies in the penultimate session of the week but might risk becoming like a fallen angel if a pending change on the Reserve Bank of Australia (RBA) board leads the market to view its monetary policy independence as lost.

The Australian Dollar was stronger after the Reserve Bank of Australia (RBA) raised interest rates by 25 basis points and signalled it had more work to do.

The Pound to Australian Dollar exchange rate has reversed two thirds of a steep 2022 decline during its recovery from September's multi-year lows but a buoyant antipodean currency and technical resistance on the charts has stalled the rebound near 1.82 amid mounting uncertainty about the outlook.