Australian Dollar falls against Euro After Unemployment Ticks Higher

Incredible time to sell AUD, do not miss out

The Aussie is touching an excellent level against most currencies notably the pound. Poor sterling data has dragged the rate sub 1.50 which is presenting an excellent opportunity for anyone who needs to sell Aussies. If you are selling 100k AUD today to buy sterling you are £3000 better than at the start of the year. Should you be considering a currency exchange involving the Australian dollar and would like more information please email me on jmw@currencies.co.uk Tomorrow is the Retail Sales figures for the UK which...

Reserve Bank of Australia Keeps Interest Rates on hold and AUD$ strengthens

Overnight the RBA kep interest rates on hold at 4.25% which was a shock to the market as many thought there would be a 25 basis point cut. The Australian Dollar strengthened against most of the major currency pairs by almost 1% during today's trading. Investors rallied around the AUD on the back of the interest rate highs which are being preferred to compared to investing in the New Zealand Dollar. Many were expecting a cut and as they stayed the same the AUD...
Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

AUD to GBP Rate Weakens as Australia’s Job Market Outshines

The sterling vs Australian dollar interbank exchange rate has weakened, because we’ve learnt that Australia’s labour market unexpectedly outperformed in December. According to the Australian Bureau of Statistics (ABS) today, Australia’s unemployment rate fell by 0.1% last month, to 5.1%, beating economists’ forecasts for joblessness to remain at 5.2%. In addition, Australian companies surprisingly created 28,900 new posts in December, far above financial markets’ predictions for 15,000 positions. These encouraging data suggest that Australian businesses continue to hire, in spite of the ongoing bush...
Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

Australian Dollar down against the Pound as Unemployment Edges Higher Down Under

In a reversal of December’s trend, Australian unemployment edged higher to 5.3% in January, whilst employment showed a small rise. The release helped the GBP v AUD exchange rate to tick higher on the day to a high just shy of 1.9500. The market has since pulled back slightly to trade 0.35% higher around the 1.9450 level. Employment Trend Goes Against RBA Desires The Reserve Bank of Australia has been vocal in recent weeks that it would only consider additional stimulus measures if the economy worsened and...
Pound to Australian Dollar Soars as BoE Holds Rates

GBP/AUD Rates Hit 1.82 (Matthew Vassallo)

GBP/AUD rates have 1.82 at the high during Wednesday’s trading, providing some of the best trading levels of the past couple of months. Whilst the UK economy has made steady progression since the start of the year, the Australian economy has stagnated. This has helped to push exchange rates up to the current levels and whilst the Reserve Bank of Australia (RBA) are still keen to see the AUD lose further value (in the hope this will boost exports), a move back towards 1.85...

Will we see the Aussie go back to 1.90?

This is a question I am being regularly asked by anyone buying Australian dollars with sterling. My response is often 'Why didn't you buy when it was 1.90?' and their response 'Because I wanted it go higher' highlights the psychological problems of buying currency! Namely we always want a little more. There is an inherent risk of course that being greedy leads you to end up with nothing... or less than what you had of achieved if you had been a bit more sensible. Getting...
Australian Dollar Still Sees Virus Risks but Pound Volatility Rests on Tuesday Growth Figures

Australian Dollar Weakens over the weekend (Tom Holian)

The Australian Dollar has weakened again during the last few trading sessions as news from the US shows that the world's leading economy saw a rise in unemployment. The Australian Dollar is often sold off by investors if news in the US is negative as investors are put off from investing in riskier currencies which includes the Aussie Dollar. The jobs figures were expected to be rather strong but the rate showed unemployment up to 6.7% from January's 6.6%. I think the weather in the...
Positive Turnaround for the AUD Eases off RBA Cuts in February as GBP Awaits Economic Data

Is the Aussie On A Tipping Point?

Following the unexpectedly weak unemployment figures that Mike mentioned this morning, the Aussie Dollar has clawed back some ground against the pound and USD as the day has worn on.  The figures have led some to believe that the RBA may have to go back on their recent policy statements of not cutting rates again in the current cycle, however I think this may be somewhat of a knee-jerk reaction and think they will stick to their guns for now.  We do have Chinese...

GBPAUD Rates Continue to rise as predicted (Tom Holian)

Exchange rates for the Australian Dollar have again reached a recent record high following some excellent unemployment data released this morning. The UK Claimant Count was measured at 7.1% which puts added pressure on the Bank of England to think about changing interest rates sooner than their original forecast. The suggestion is that the Bank of England does not want to move interest rates until UK unemployment falls below 7% and with UK retail sales the best since 2004 this has sent Sterling higher against...
Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

Australian dollar shows a surprising gain – STEVE EAKINS

BREAKING NEWS – The US has confirmed that they have come to an agreement to extend their debt ceiling.  This was a topic that almost closed the country earlier in the year for nearly 3 weeks.  Before today the deadline for this was mid-January but with this early agreement in place it leads the way for the US to start “tapering” their own QE program where they print $85 billion a month to boost growth. Why is the US market of interest when talking about...