Australian Dollar falls against Euro After Unemployment Ticks Higher

Sterling gains against USD – AUD strenghens as investors become willing to take risks...

The Pound has once again made gains against the USD over the start of this week as all seems relatively quiet on the European front (not for long though i’m sure) and global attitude towards risk appears to be increasing off the back of this. In turn, this means that investors tend to pull funds out of their perceived ‘safer currencies’ such as the USD (gold is also priced in Dollars) decreasing the demand for this currency and also making it cheaper to buy. We have...
GBP to AUD Steady as Markets Consider BoE and RBA Rate Cuts

Sterling strengthens against the Australian Dollar

As demand returns to the major currencies again, in particular the Euro, the Australian Dollar has suffered. In the last two weeks the GBPAUD has improved by over 2 cents trading as high as 1.4891 on mid-market during the morning session. During the last week of the month typically little data is released so expect the next couple of days to be rangebound by a cent for GBPAUD. On Wednesday Australian January Retail Sales figures are due out with expectation of 0.3% month on month...
Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

What is likely to happen to the AUD?

Following the news of the Greek bailout deal I firmly believe this may continue to support the strength of the so called 'riskier' assets such as the NZD, ZAR and AUD. The reason they are perceived as riskier currencies is the fact they are so heavily dependent on commodity prices and the AUD in particular heavily dependent on the mining sector and the demand from countries such as China for raw materials. With China hot on the heals of the US in becoming the...
Australian Dollar Gains Against the Pound as Chinese Stocks Roar Higher on Monday

MPC Minutes show 7-2 in favour of £50bn Quantitative Easing

At 930am this morning the MPC announced that 7 members voted for further QE of £50bn and two further members wanted an increase to £75bn. This has sent Sterling Exchange rates tumbling across the board but they haven't dropped as much as expected against the Australian Dollar. At the time of writing the GBPAUD exchange rate has only fallen 0.3% compared to the previous day close which indicates that Australia may have more concerns over the Greek bailout which has seemingly dominated the headlines...
Pound Rallies Against the Australian Dollar After PMI Data Release

When will the Aussie Dollar weaken?

The Reserve Bank of Australia last night confirmed they will not be cutting rates soon but have certainly left the door open for such a possibility. This has led to the Aussie weakening slightly in early morning trading making a break above 1.48 for the first time since 10th February. This is providing a good opportunity for anyone with an immediate requirement. The RBA quoted the Eurozone crisis as the biggest threat to the Australian economy so the overnight news that a Greek deal has...

Australian Dollar strengthens as global outlook improves

The Australian Dollar strengthened to its highest level in over a week as talks of the Greek bailout are due to resume this afternoon. One of the points of interest is that Greek GDP needs to be below 129% by 2020 but as yet this has not been finalised. If the talks go positively we could see the AUD$ continue to gain as confidence returns to more riskier assets.The rescue plan would also write off 100bn euros of debt, with private lenders accepting up...
Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

The Reserve Bank of Australia state that they will be keeping a close eye...

As the Australian Dollar continues to strengthen to all time highs against sterling exchange rates the Reserve Bank of Australia (RBA) has stated that they will be closely monitoring the strength of the Aussie Dollar against the Australian economy. For those of you that require buying AUD these comments may bring a small glimmer of hope because if the RBA feel that the strength of the Aussie will effect their economy (exports) then they may in the future look to artificially weaken the economy like the Swiss national...
UK Inflation Jumps to a Six-Month High but Fails to Push the Pound Higher against the Australian Dollar

Greek news boosts the Australian Dollar

After a few days of losses for the AUD the currency strengthened as news of the Greek austerity measures being passed hit the currency market. The news helped to boost more riskier assets including the Australian Dollar. Whilst the domestic ecnonomy down under continues to thrive the currency is likely to stay at these levels for quite some time. Tomorrow final plans for the Greek austerity measures are to be decided and the news about whether or not the next tranche of funding will...

Minor Sterling Recovery against the Australian Dollar

Sterling has touched 1.48 against the Australian Dollar this morning following the news that the Greeks appear to have agreed, at least at the moment, a proposal concerning further austerity cuts. Also, news from China that production is slowing has caused a little negative stir among the resources sector down under. Global investors will continue to remain nervy until the Greek bailout plan has been fully approved and implemented. The date of March 20th is the next time Greece will need to make a payment...

What next for the Aussie?

Yesterday the Australian Dollar continued its assault on the currency market gaining over 0.5% against Sterling bringing levels close to 1.46. It has also seen strong moves against the Euro currently sitting at 1.2350. Earlier this week expectation was for the Reserve Bank of Australia (RBA) to cut interest rates and the decision to keep rates on hold surprised the market a little and the AUD gained subsequently. I personally feel the RBA will initiate a round of cuts in the coming months, if anything to...