AUDGBP Starts Week Close to One Month Low

AUDGBP: Unprecedented Times Ahead for the Australian Economy

Australia has managed to avoid some of the major financial crises in recent times, with the financial crisis of the late 2000’s and 2011 behind some of the most recent examples.
AUD to GBP Slower but Brexit Could Accelerate Rates Again

Euro Exchange Rate Continues to Creep Down Against Australian Dollar

Exchange rates for those looking to sell euros and buy Australian dollars have continued to creep back down over the course of the trading week.
AUD to EUR: Australian Dollar Gains over the Euro Despite Australian Recession Fears

AUD to EUR Rate: Australian Dollar Flat Against the Euro as Other Bloc States...

The AUD v EUR exchange rate was almost unchanged at the beginning of the European session as traders take time to consider the effects of a growing shutdown in key European economies. The currency pair was trading at 0.5465 and if the Aussie can find buyers here then the 0.5500 could provide a base for future support. France Moves to a Curfew on Citizens France has banned all public gatherings in the city and enforced a total lockdown, with one shopping trip per day...
AUDGBP: Australian Fears as Virus Cases Jump

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 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...
AUD to GBP Slower but Brexit Could Accelerate Rates Again

Will Australian Dollar Strength Continue Against USD, EUR & GBP?

Australian Dollar strength has continued against most major currencies, seeing yet another week of gains against U.S dollar, euro and sterling. AUD USD is currently nestled just below 0.70 as an interbank rate of exchange and is closing in on the highest level seen since January where the rate managed to breach 0.70 at the start of the year. There is no hiding the fact that America has plenty of issues at the moment, not only the struggle with Covid-19 and the many thousands that are...
Euro weakness expected ahead of anticipated frail economic data

Will the Australian Dollar Continue its Recovery Against the Euro?

After dropping to its lowest levels against the euro since May 2009 last month, the Australian dollar has since begun to rebound against the euro with the pair currently trading up almost 0.5% on the day at 0.5685. The recovery in the Australian dollar has corresponded with China’s diminishing number of victims from the COVID-19 pandemic, which has been a common them for the value of the Aussie dollar for some months now. When China was the centre of the crisis we saw the Australian...
AUDGBP Starts Week Close to One Month Low

AUDGBP Starts Week Close to One Month Low

Sterling has started this week stronger with the AUDGBP currently at the 0.5524 level against the Aussie which is the first time in just over three weeks. Following some positive developments in Brexit talks last week the pound has been able to make small gains. Over the next few weeks if the Brexit talks continue on a positive trajectory then there is a chance that we could see further momentum for Sterling. At the start of April the AUDGBP rate was just below the...
Pound to Australian Dollar to be Impacted by AUD Economy

Pound to Australian Dollar to be Impacted by AUD Economy

After gradually weakening throughout much of the past 3-months the Pound to Australian Dollar now sits just above the 1.80 handle, after a couple of positive days for the Pound helped push the currently back above it. There doesn’t appear to be the same level of resistance or support for the pair moving through the 1.80 level as we have previously seen with the pair, and perhaps this is due to the magnitude of events influencing the foreign currency markets at the moment. Whilst much...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Continues its Downward Path Against the Euro as Markets Try to Shake...

The AUD v EUR exchange rate was trading lower again with a drop of over 1.50% for the second-consecutive day. The European Central Bank’s decision to leave rates unchanged has been a catalyst for further gains in the European single currency. The AUD to EUR pair was trading at 0.5550 and the Australian currency has been under pressure since the Coronavirus outbreak began. Euro Strength Continues to Ignore Virus Spread Traders are continuing to ignore the potential implications of the virus spread in Europe. Australia’s...