AUDUSD hits six-week high

Yesterday the Australian Dollar reached a six-week high against the US Dollar, as the global economy continues to attempt to navigate through the Coronavirus pandemic. Whilst the US currently has the highest global death count of any nation so far, Australia appear to be one of the nation’s most in control of the crisis and this could be attributed to the AUDGBP rate strengthening throughout April. Over the weekend the Australian government have released a new app which will help health authorities to track those...
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 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.
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

Positive Chinese Trade Data Supporting AUDUSD Exchange Rate

The Australian dollar looks set to continue it’s impressive climb since the start of April against the US dollar, having gained a further 1.4% overnight as a result of a surprisingly positive set of international trade data from China.
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

Is Australia Starting to Flatten The Coronavirus Curve?

Whilst the Coronavirus crisis continues to escalate towards its peak, with almost another 1000 deaths recorded in the UK yesterday, Australia looks to be flattening the curve and the AUD has gained against GBP as a result. Since closing their borders near the end of March, something the UK has still not done, Australia has seen a drop in infection rates, and they have also been testing at a far greater rate than the UK. In the UK it has been announced that the...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

The Australian Dollar to US Dollar Continues to Rebound Above 0.6

The AUD to USD interbank exchange rate today is ranging between 0.6192 and 0.6250. Australia still has a relatively low number of Coronavirus cases with just over 6,100 compared with the big rise we have seen in the United States with over 435,000 cases. Australia’s figure is far smaller in comparison and as a result we could see a quicker recovery in Australia and their currency as their economy and health service come under less pressure. Now that Wuhan in China is out of...
AUD to USD Forecast: Shock Chinese Data Offers Support to the Australian Dollar

AUD to USD Forecast: Shock Chinese Data Offers Support to the Australian Dollar

From a long-term perspective the Australian dollar is currently trading around some of the lowest levels seen against the US dollar in over 17-years, as the currency has sold off against most major currency pairs over the past few months due to a number of reasons. Oil Price Drop Affects Australian Dollar The falling price of oil along with the global economic slowdown due to the spread of Covid-19 has resulted in a sell-off in AUD exchange rates, leaving the AUDUSD interbank level trading as low...
Australian Economy Set to Take a Few Years to Recover

AUD to USD Exchange Rate Rebounds From Low of 0.5506, Last Seen on the...

The AUD to USD interbank exchange rate ranged between 0.6069 and 0.6213 this morning. This has continued to edge higher from the low of 0.5506 seen on the 19th March this year. Australia Pledges Economic Support With the number of Coronavirus cases continuing to rise now over 780,000 globally, governments worldwide are doing whatever they can to avoid dramatic economic downturns. The Australian Prime Minister, Scott Morrison yesterday said that they were going to support the Australian economy and people. He pledged A$130bn to “livelihoods of...
Will AUD to USD Retest the All-Time Lows?

Australian to US Dollar Exchange Rate Review: Will AUD to USD Retest the All-Time...

The Australian dollar to US dollar interbank rate exchange rate reached 0.5530 on the 19th March 2020, a record low for the Aussie against the greenback. The market developments have been linked largely to the Coronavirus, as we see these two currencies behaving in a very ‘true to form’ manner. For the Aussie, its status as a commodity currency whereby in terms of global and economic uncertainty it can lose value, has been realised. With Australia’s economy being so closely reliant on China, the well...
Increase in Risk Appetite Helps Support 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...