Australian Economy Set to Take a Few Years to Recover

Aussie PM Morrison Tells The Country to Stay at Home as Services and Social...

Australian prime minister Scott Morrison has confirmed that large parts of the Australian economy and social life will be closed from midnight Wednesday. Further restrictions were agreed by the government, following an initial ban to non-essential overseas travel. However, prime minister Morrison stopped short of a full lockdown like other nations, as he said the cabinet would not “just rush on the sense of an opinion of inevitability” as actions may limit the spread of the virus and a full lockdown would threaten the...
Will the Australian Dollar Continue its Trend Against GBP?

US Dollar Strengthens After Further Stimulus Promised by the Federal Reserve

The US dollar has continued to strengthen across the board since the Coronavirus outbreak. The US dollar has typically been associated with a flight to safety and that is what appears to be happening at the moment. The Pound vs US dollar exchange rate has dropped by 16 cents in the last three weeks alone and in the meantime the US Dollar has strengthened by 30 cents vs the Australian dollar as COVID-19 continues to reduce risk appetite in the commodity based currencies. The recent news...
Australian Dollar Forecast: AUDGBP & AUDUSD to Keep Rising?

USDAUD Overview – The USD Has Ggained Over 20 Cents Against the AUD in...

As the global COVID-19 crisis deepens, the AUD has continued to see its value decrease against most of the major currencies in recent weeks. This could not be more apparent than against the USD, which has gained over 20 cents against its AUD counterpart in the last month. To put this in monetary terms if we took the relevant interbank values from today and one month ago on a 100,000 USDAUD exchange, the increase in monetary value would be approximately an additional 20,000 AUD. The Australian...