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Australian Dollar Weakness

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...
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...
Why does the AUD to GBP exchange rate continue to Rise?

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...
Australian Resentment Towards China Growing Following COVID-19

GBP/AUD Exchange Rate Creeps Closer Despite Weak UK Growth

Coming into the middle of the week, the GBP/AUD exchange rate has edged higher even with poor UK growth data that was released yesterday. The pairing was trading at around AU$1.9340 ahead of Thursday’s election. The markets are remaining optimistic that the Conservative party will retain power in government and that Brexit will be seen through to start the year. Pound Sterling Rises in Strength Ahead of Election Tuesday saw the rise of GBP, in doing so it clung to previous gains. This was a little...
Positive Turnaround for the AUD Eases off RBA Cuts in February as GBP Awaits Economic Data

The Pound Sterling Edges on the Australian Dollar as the Exchange Rate Hits 3-Year...

The GBP reported gains on the Aussie Dollar yesterday. The GBP/AUD exchange rate hit a new three-year high, this is the highest since the EU referendum. With a soft AUD, the rallying looks to continue into 2020 for the GBP. Upward Trend for the GBP Against the AUD The GBP/AUD exchange rate hit a new three-year high just yesterday which was reported to be trading at 1.9214. The Sterling was rallying which the AUD fell soft. Experts have suggested that the Australian Dollar has been predicted...
GBP to AUD Steady as Markets Consider BoE and RBA Rate Cuts

Australian Dollar Could Be Forced into QE Next Year, Whilst GDP Data Causes Sharp...

Reaching the latter end of the week, AUD is still facing may issues. Weak Q3 GDP data has weighed heavy on the currency. Whilst economists are calling for the RBA to make further interest rate cuts in order to relieve the Aussie economy. Meanwhile, GBP/AUD exchange rates look for new highs ahead of next weeks general election. Disappointing Q3 GDP Data Weighs on AUD AUD crashed following the release of the third-quarter GDP on Monday, the figures disappointed an already beaten market. This lead investors to...
AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

AUD Receives a Boost from RBA and Trade Stats but Interest Rate Cuts Still...

Positive news broke yesterday from both the RBA and the Australian trade statistics. AUD had been in a dark place of late and this news was welcomed with open arms. However, economists are still tipping major banks in Australia to cut interest rates in 2020. RBA Statement Pushes AUD to Front-Running Position AUD led the charge early yesterday on the global foreign exchange markets. This came about following a statement from the Reserve Bank of Australia (RBA) which stated that improvements in the global economy meant...
Australian Dollar Forecast Looks Strong as we End the Month

Promising Chinese Data Aids Aussie Dollar

The Australian Dollar has started the month on the front foot, this is mainly due to some better than expected data coming from China yesterday. With AUD holding a strong tie to the Chinese economy, the boost was mutual for both parties. To start the week the GBP/AUD exchange rate is down from the end of last week, with resistance being shown on the charts. Chinese PMIS Exceed Expectation, Bring up AUD with It Yesterday, the release of China’s November PMIs were released, all three beat...
Australian Dollar Flat Against the British Pound as Global Markets Recover from Heavy Losses

A Vulnerable Pound Versus a Potential Rallying Australian Dollar for the Upcoming Week

With a fresh week ahead in the trading markets, the performances of the GBP and AUD have been highlighted and their outlooks cast. The GBP had been volatile lately and continues in this trend up until the General Election on the 12th December, but vulnerability is proposed ahead of finalised PMI’s for the UK. Meanwhile, the AUD has been in a troublesome state for a number of weeks, particularly with the breakdown of the US-China trade talks. But rumours suggest that the AUD could...
AUDGBP: China Cuts Interest Rates

Underperformance Is the Key Word This Week for the Australian Dollar, with QE Predicted...

The Aussie Dollar has been suffering lately, with no luck going into the latter end of this week either. Despite the RBA’s governor Philip Lowe suggesting that QE was not a tool to be used right now, he failed to remove it out of the question altogether and this has instilled fear of QE being utilised in early 2020. QE Looking Likely for the RBA in the Early Stages of 2020 Economists have tipped QE for the RBA in early 2020. The current target for inflation...