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Australian Dollar Strength

Australian Dollar Loses Ground Against Euro

GBP to AUD Strengthens on Talk of RBA Interest Rate Cut in February

The pound to Australian dollar interbank exchange rate stands at 1.9139 today. This is its highest in three weeks, or since December 18th 2019. By contrast, back on December 23rd, sterling was as weak as 1.8669 versus the so-called Aussie. So it’s since strengthened by 2.51%, or by over 4.5 cents. One partial explanation why sterling’s value versus the Australian dollar on the interbank market has strengthened, is because the Reserve Bank of Australia (RBA) is being tipped to cut interest rates in February, below their...
Australian Dollar Forecast: AUDGBP gains by 10% since April

Promising End to the Week for the Australian Dollar, Despite Weak Manufacturing Data

The Australian dollar has capped off its first trading week in the New Year in a good position. Yesterday saw the release of the anticipated manufacturing PMIs for December. The figures were disappointing however and saw the AUD slump slightly. But the AUD did find further support from the US-China trade deal which has now received an official signing date from the US President. Australian Manufacturing PMIs Disappoint The December manufacturing figures for Australia were released on Thursday. The results showed a disappointing return as the...
Increase in Risk Appetite Helps Support the Australian Dollar

Australian Dollar on the Front Foot Heading Into 2020 After Overcoming USD Losses and...

The Australian Dollar had a rocky 2019, with three interest rate cuts from the Reserve Bank of Australia (RBA) which left the rate sitting at 0.75%. However, the latter of the year appears to have turned positive for the currency. As the last day of the year approached, the AUD saw itself overcome the downtrend it was on and overturned the losses it experienced against the USD in 2019. The US-China deal is also due to be signed which lends the AUD more support...
AUDGBP Continues to Rise, But How Long For?

Australian Dollar Receives Support From US-China Deal Signing Whilst Awaiting Manufacturing Data

AUD received further support this week from the US-China deal which is set to be signed soon by both parties. The deal looks like a completed one and when pen meets paper, the global economy looks poised to rise, of which AUD will surely benefit. However, some analysts are suggesting that the AUD is lacking drive as investors adjust to 2020 growth and trade outlooks. The RBA’s rate cut decisions for 2020 are still weighing heavy on the Aussie Dollar. Investors will be hoping...
Pound Pushes Higher Against the Australian Dollar on Recent Economic Divergence

Australian Dollar Looks to Finish the Year off Strong With Help From China

The Australian Dollar has surprised many over the festive period, with a sharp rise as the year comes to an end. Increases in both Aussie shares and gold prices have combined to see that the currency finishes the year strong. Optimism in the US-China trade deal has helped to boost the AUD as both parties agree a deal is to be signed shortly. Australia is set to benefit from the deal as one of China’s biggest trading partners. Chinese Manufacturing Could Help AUD The market is...
Australian Dollar to Pound Forecast: Why is the Australian Dollar Strengthening?

Economists Predict a Break AUD Whilst GBP Softens After Hectic Year

News for the upcoming week is suggesting that the Australian Dollar is primed for a break to a fresh 22-week high, but this momentum has been slowed mainly due to the fading liquidity. The uncertainties surrounding interest rates for the AUD in 2020 are still present and causing concern for some investors. Meanwhile, for the GBP, it has seen a softening after a rollercoaster year that has been dominated by the Brexit news and the General Election. With the GE over and an EU...
GBP to AUD Steady as Markets Consider BoE and RBA Rate Cuts

Positive News for Australian Shares Before Christmas Day

Reports from Wall Street are suggesting that a rally on the international market could be set to buoy Australian shares. Economists are tipping the shares to open in the positive ahead of Christmas. With an opening of around 10-15 points, the futures market looks positive for those with Aussie shares. Economists Tip a Futures Market Opening to Start Christmas Week Shane Oliver, Capital’s chief economist, reported on Sunday that he expects the futures market to open up at around 10-15 points today. He also mentioned that...
Australian Dollar Forecast Looks Strong as we End the Month

Australian Dollar Rises as Employment Data Pleases RBA but Westpac Tips a 2020 Slowdown

Thursday saw the release of the employment data in Australia for the month of November. The figures were a shock fall in unemployment and as a result AUD rose. With the positive jobs data, some have suggested that this should take a load off the back of the RBA who have been edging towards a rate cut in early 2020. However, Westpac has now tipped investors to sell AUD as it eyes up a potential slowdown in 2020. Jobs Data Performs, Brings up AUD with...
AUDGBP Starts Week Close to One Month Low

GBP/AUD Exchange Rate Stalls as a Seven-Year Low in Manufacturing Is Announced in the...

With the Election news starting to take the backseat after stealing the limelight for the past couple of weeks, the UK was anticipating the release of the manufacturing PMIs. The figures were not pleasing and showed a new seven-and-a-half-year low, the news plummeted the GBP on Monday. Meanwhile, AUD has been left flat as further details on the ‘phase one’ deal between the US and China has yet to be divulged upon, leaving traders frustrated. GBP Sees a Decline Following Poor PMI Data GBP was enjoying...
AUDGBP: Australian Fears as Virus Cases Jump

GBP Edges over AUD as Conservative Majority Pulls Through Election

The GBP reached new highs this week following the outcome of the General Election. With a Tory win in the bag, the UK now has its future decided and the market is given an insight into how the economy may be shaping up in the coming months and years. For the AUD, disappointing data saw the currency’s confidence decline. GBP Rises Following a Win for the Conservatives The General Election which took place on Thursday saw the triumph of the Conservative party. Its leader Boris Johnson...