Australian Dollar Forecast: Further Tariffs from due China?

Australian Dollar Forecast: Further Tariffs from due China?

Over the past month the Australian Dollar forecast has consistently improved against the pound, rising by as much as 5% since the beginning of May. This week however, AUD rates have started to show some fragility and there have been some volatile peaks and troughs in AUD value. The strength of the Australian economy, and therefore the Australian Dollar is heavily reliant on their exports and relationship with their largest trade partner, China. In recent times though, this relationship has become strained, starting with Australia’s...
Australian Dollar Forecast Retains Majority of Strength

Australian Dollar Forecast Retains Majority of Strength

Since a week ago today, the Australian dollar forecast has continued to gain a little more ground against the majority of major currencies, despite news that hit the wires regarding issues with China and a limitation on various imports that may come into play, including, coal, iron ore and coral. With China having such a large influence on the Australian economy due to the close ties, historically any negative news from the Chinese economy or a rise in tensions can often lead to Australian dollar...
Will the Australian Dollar Continue its Trend Against GBP?

Will the Australian Dollar Continue its Trend Against GBP?

Since countries all over the world started to go into lockdown the Australian dollar has been making steady inroads against the pound. Exchange rates have improved from the low of 0.4882 that we saw at the beginning of April to 0.5408 at the time of writing this article. Australian Dollar Benefits Due to an Improvement in the Global Economy The Australian dollar is seen as a risk based currency, and now that the global economy is starting to tick over, commodity prices are on the rise...
Australian Dollar Forecast Looks Strong as we End the Month

Australian Dollar Forecast Looks Strong as we End the Month

The Australian dollar forecast has continued to look rather positive vs Sterling as risk appetite has been rising since the height of the global pandemic. China has reopened and with cases in Australia at small numbers the Australian economy is doing well. Overnight we have seen risk appetite increase with Japanese stocks rising by over 2% following the Prime Minister Abe’s suggestion that further fiscal stimulus will be coming. Also, China’s Central Bank Governor has suggested that they will also be carrying on with their...
Australian Dollar Forecast: Will AUD Continue to Strengthen?

Australian Dollar Forecast: Will AUD Continue to Strengthen?

The Australian dollar forecast has had a pretty solid week of performance, hitting 0.6560 against USD, 0.5983 against EUR and 0.5378 against GBP.
Will Australian Dollar strength continue against USD, EUR & GBP?

Australian Dollar Forecast: AUD Rally Continues

The Australian dollar has strengthened significantly this month against GBP, USD and EUR and this AUD rally has continued at the start of this week and over the past seven days. The main drivers behind AUD gains continue to be due to the country’s handling of the Coronavirus crisis and the control of the spread, along with a renewed confidence in investors and an expectation of increased demand for Australian exports. The Australian economy is heavily reliant on its exports of raw material such...
Australian Dollar Forecast: Further Tariffs from due China?

Australian Dollar Forecast – Brexit Resurfaces

The downward movement in the Australian dollar forecast is partly down to due Brexit negotiations having just ramped up a notch in these last two weeks.
Australian Dollar Forecast: Further Tariffs from due China?

Australian Dollar Forecast: Job Losses Subdue AUD Strength

Over the course of the last 30 days the Australian dollar has performed well across the board compared to most major currencies, against sterling in particular, gaining over 5% in value from the high compared to the low since the middle of April. One of the main drivers behind the Australian dollar’s strengthening has been how well the country has managed to control the spread of COVID-19 compared to many other nations. During yesterday’s trading however, the Aussie dollar began to show signs of coming...
Australian Dollar Forecast: Brexit Talks Continue This Week

Australian Dollar Forecast – AUD Steady After Poor Data

Overnight we have seen the latest Australian employment data with some mixed reports suggesting that whilst the unemployment rate did not rise as much as expected, rising from 5.2% to 6.2%, rather than the predicted 8.3%, we saw a record increase in the number of Australians out of work, at 594,300. Strangely, the Australian dollar has not been majorly affected by this news, perhaps because as discussed in yesterday’s report blog the market is more focused on the actual response to the Coronavirus and likely...
Australian Dollar Forecast: Further Tariffs from due China?

Australian Dollar Continues to Outperform Other Major Currencies

Since the middle of March when most countries went into lockdown, the Australian dollar has been making gains against sterling, the US dollar, and euro. This may surprise most, as commodity currencies tend to suffer in times of real uncertainty. In addition, the RBA gloomy outlook should be raising concerns for clients holding onto the Aussie. The RBA expect a 10% contraction for Q2 GDP and a 6% fall throughout the year. However, the Aussie continues to march on. Why Has the Aussie Performed Well...