AUD to EUR Rate: Could the Australian Dollar Strengthen on China's Coronavirus Recovery?

AUD to EUR Rate: Could the Australian Dollar Strengthen on China’s Coronavirus Recovery?

It is unprecedented times, there is little to draw from little as to how the market will react. What could provide insight is at is where investors are moving their funds in times of global economic uncertainty. Unfortunately, the Australian dollar is not usually the destination of choice in this kind of situation. The Australian dollar is a commodity based currency and is considered a riskier currency in times of uncertainty. The Australian economy has close ties with the Chinese economy and if we...
US Dollar Remains Close to Multi Year High Against the Australian Dollar

US Dollar Remains Close to Multi Year High Against the Australian Dollar

The USD/AUD remains close to the unprecedented levels of 1.70 as the coronavirus outbreak continues to play havoc on the Aussie. The rate has fallen back slightly from the 1.73 highs, however with the volatility in the market at the moment the rate can swing by several cents on a daily basis. US Federal Reserve Economic Support Package Approved Last night in the US the Senate passed a bill that will see the largest ever US Government stimulus package, which comes in at the tune of...
Australian Dollar to Pound Forecast: Risk Sensitive AUD Likely to Remain Under Pressure

Australian Dollar to Pound Forecast: Risk Sensitive AUD Likely to Remain Under Pressure

The risk sensitive Aussie dollar remains weak as any short-term gains soon get swept away. The positive global sentiment following the US’s Federal Reserve’s “we’ll do whatever it takes” moment as they launched a quantitative easing plan on a scale never seen before (US$2tn), soon faded away and once again left the Aussie currency weaker. It’s been known for a long time that when China sneezes, Australia catches a cold, due to the heavy reliance on trade, but the Australian economy has been squeezed...
AUD/EUR Exchange Rate: Australian Dollar Pulls Back Against the Euro

AUD/EUR Exchange Rate: Australian Dollar Pulls Back Against the Euro

This morning we have seen the Australian dollar strengthen against the euro and has reached a high of 0.5601 on the interbank exchange rate, up over 1% on the day. This is still a long way of the higher levels we saw back in February this year where the Australian dollar to euro interbank exchange rate was over 0.6. US Fiscal Stimulus Creating Optimism Optimism was seen in the markets as reports emerged that the US Congress had reached an agreement on a $2 trillion emergency...
AUD to GBP Rate: Australian Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

AUD to GBP Rate: Australian Dollar Strengthens After Further Stimulus Promised by the Federal...

The Australian dollar has continued to strengthen across the board this week after trading above 2 a number of times during the last week against the British pound. The Australian dollar has been heavily affected by what has been happening around the world and as it is deemed a commodity based currency they can often feel the effects of a global slowdown. However, more recently the news from China is that they are considering relaxing the controls on movement. This has allowed the Australian dollar...
Aussie PM Morrison Tells The Country to Stay at Home as Services and Social Life Are Shut Down

Aussie PM Morrison Tells The Country to Stay at Home as Services and Social...

Australian prime minister Scott Morrison has confirmed that large parts of the Australian economy and social life will be closed from midnight Wednesday. Further restrictions were agreed by the government, following an initial ban to non-essential overseas travel. However, prime minister Morrison stopped short of a full lockdown like other nations, as he said the cabinet would not “just rush on the sense of an opinion of inevitability” as actions may limit the spread of the virus and a full lockdown would threaten the...
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

Australian Dollar to Euro Rate: AUD Continues to Lose Value Against the Euro

The Australian dollar continues to lose value against Europe’s single currency, as Covid-19 continues to take centre stage in the currency markets. With the AUD status as a commodity currency it is always at risk to big sell-offs by investors as they move to more safe haven currencies like the euro during times of uncertainty. In the past month the Aussie dollar has lost over 10% value against the Euro, as the spread of the corona virus forces the world into total lock down,...
AUD to GBP Exchange Rate: PM Issues UK Lock-Down as Pound See’s Its Value Fall Further

AUD to GBP Exchange Rate: PM Issues UK Lock-Down as Pound See’s Its Value...

GBP/AUD rates have fallen by approximately two cents overnight, following the UK government’s decision to issue a country wide lock-down as fears over the escalating Covid-19 virus continue to mount. UK Prime Minister Boris Johnson gave a public address last night following an emergency Cobra meeting, in which he stated that all UK households should remain indoors, and only leave under the strictest conditions. Unless it is for bare essentials like food and water, a medical visit, or a brief period of exercise, the PM has...
US Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

US Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

The US dollar has continued to strengthen across the board since the Coronavirus outbreak. The US dollar has typically been associated with a flight to safety and that is what appears to be happening at the moment. The Pound vs US dollar exchange rate has dropped by 16 cents in the last three weeks alone and in the meantime the US Dollar has strengthened by 30 cents vs the Australian dollar as COVID-19 continues to reduce risk appetite in the commodity based currencies. The recent news...
Australian Dollar to Pound Forecast: GBP Makes Further Gains Against the AUD, Reaching 4-Year Highs

Pound to Aussie Dollar Rate Remains North of 2.00, Despite BoE Interest Rate Cut

Sterling has managed to hold onto much of its recent gains against the Australian dollar, despite a shock decision from the Bank of England last week that under usual circumstances would result in a sharp sell-off in the pound’s value. The interest rate within the UK has been cut twice in recent weeks with the base rate now back down to 0.1%, which is a record low after stating the year at 0.75%. These decisions have been taken by the Bank of England, which no...