AUD GBP on the Retreat with BoE Rate Meeting Due

Australian Dollar Moves Higher Against the Euro After Growth Figures Outperform

The AUD to EUR exchange rate was 0.9% higher in the European session after the Aussie economy saw Gross Domestic Product (GDP) figures that beat market expectations. The pair added to yesterday’s gains after the RBA rate cut to trade at 0.950 on the day. Better growth for the Aussie may be short-lived The market was expecting a 2% year-on-year growth figure, but the actual number was higher at 2.2%. This provided a boost for the Aussie currency, but traders are under no illusions that the...
AUD GBP Grinds Higher After Australian Employment Data

Australian Dollar Dips Against the Euro as Market Awaits an Expected Rate Cut by...

The AUDEUR exchange rate moved lower again on Monday by 0.45% with the pair trading at 0.5870. The rate has drifted from 0.6200 in the middle of February to the current levels due to negative expectations for the Australian economy and signs that Europe’s economies may be out of the worst of their slump. Markets Expect Another 0.25% Cut to Interest Rates Tomorrow sees the latest interest rate decision by the Reserve Bank of Australia (RBA) with analysts expecting the bank to cut the key interest...