Australian Economy Set to Take a Few Years to Recover

The Australian Dollar to US Dollar Continues Above 0.6

The AUD interbank exchange rate is today ranging between 0.6265 and 0.6323.
Increase in Risk Appetite Helps Support the Australian Dollar

AUD Strengthens Against USD With 5% Gains in April So Far

Being viewed as a riskier currency, we tend to see that in times of global troubles and turmoil the Australian dollar can tend to weaken
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Australian Dollar Forecast Impacted by UK Unemployment

Australian dollar forecast: The pound to Australian dollar exchange rate has once again come under pressure, falling to its lowest level in a number of weeks.
AUD to GBP Slower but Brexit Could Accelerate Rates Again

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...
AUDGBP Continues to Rise, But How Long For?

AUDGBP Continues to Rise, But How Long For?

Subdued start to the week for AUDGBP, AUDEUR and AUDUSD as the markets await for tonight’s mixture of surveys from down under and long stream of economic data from Australia’s leading trading partners to set the AUD onto it’s trend for the week. The AUDGBP rate has edged dangerously closer to it’s key resistance levels of 0.56, a mark we have only seen breached 4 times since the start of 2018 and certainly triggering the best opportunity to buy pounds with Australian dollars so far...
Australian Economy Set to Take a Few Years to Recover

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 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 Economy Set to Take a Few Years to Recover

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...
Australian Economy Set to Take a Few Years to Recover

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...
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...