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...
Australian Dollar Forecast: AUDGBP gains by 10% since April

Downbeat tone surrounds AUD outlook for 2020, whilst GBP builds on GDP data to...

This year has seen lots of bumps in the roads for both the AUD and GBP. But there have also been highlights and many gains made. The outlook for 2020 has been forecasted for the AUD and many are not holding their breaths for anything spectacular. The consensus is that the economy is still under repair but looks to better itself in 2020 than the current year. Meanwhile, for the GBP, positive GDP data helped the UK recoup some of its losses as the...
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...
Will AUD to USD Retest the All-Time Lows?

An Edging GBP/AUD Exchange Rate Following Rising Tory Majority Hopes

A new week spells a new opportunity for both the Australian Dollar and the Pound Sterling to attain a boost to their current standings. But with AUD’s recent poor performance and reliance on the US-China trade war deal being completed, a boost is looking unlikely. For GBP, the heavy reliance on its general election outcome next month. A Tory majority appears to be a reassurance that Brexit will be delivered, that is what investors are banking on. GBP/AUD Rate Edged Higher Yesterday The GBP/AUD exchange rate...
AUD to GBP Rate: Australian Dollar Lower Against the Pound Despite Better-Than-Expected Employment Numbers

Australian Dollar Makes Strides Forwards Despite Dovish RBA Minutes

Investors in the AUD were pleasantly surprised yesterday as trading concerning the Aussie dollar looked up. Expectations were down on Monday’s pessimistic, dovish minutes which were released by the Reserve Bank of Australia (RBA). The cautious tone was set over the AUD as interest rate cuts looked likely before the years end. Several figures in the RBA had appeared to be open to the idea of another cut soon. RBA Minutes do not Unsettle the AUD The RBA minutes reported that the bank is looking to...
Australian Dollar Remains Resilient Despite Unemployment

Dovish Reserve Bank of Australia Sinks AUD Rates Leaving Investors Unsettled

The outlook for the AUD was looking to the Reserve Bank of Australia (RBA) meeting which occurred yesterday. The current trend of the AUD looked as if the RBA would take a ‘dovish’ approach to their monetary policies. Investors had hoped that this would not be the case as the currency would lose momentum. As the minutes were released from the meeting yesterday this seemed to be exactly the case. Sharp Retreat For Australian Dollar The Reserve Bank of Australia’s minutes were released yesterday, which caused...
Australian Dollar to Pound Forecast: Risk Sensitive AUD Likely to Remain Under Pressure

GBPAUD Outlook Rates Break 1.90

To start the week the GBPAUD interbank exchange rate has rallied higher, with rates bursting through the 1.90 range for the pairing. The pound looks like it has started the week off on the front foot, making gains against all major currencies. This is despite the impending general election, which could be set to stir up some uncertainty. Meanwhile, Aussie employment data disappointed and sent the currency on a further downward spiral. UK GBP Data Disappoints But Doesn’t Inflict Damage on the Driving Force The...
Melbourne Lockdown Sends GBP to AUD Exchange Rate Higher

More Bad News for the Australian Dollar Following Trade War Breakdown and Poor Wage...

The recent performance of AUD has not been spectacular to say the least. With underwhelming performances in recent figures and pressure being applied from the US-China trade wars, AUD rate has been in a decline. US-China Trade Talk Hopes Knocked The trade war has been ongoing for several weeks now and has had AUD firmly in its grips. Hopes were running high on Tuesday that president Trumps speech in New York may have been optimistic and given the market a boost. However, reports from Wednesday displayed...
Will AUD to USD Retest the All-Time Lows?

Australian Dollar Rate Remains Flat After Unimpressive Performance from UK Figures

Yesterday (Tuesday 12th) saw the release of the UK’s latest labour figures. Both the UK and interacting currencies were hoping for positive results in an attempt to give them a much-needed boost in the market. However, as the figures were released today some have described them as ‘unimpressive’. GBP Slumps as Figures Underwhelm Many were hoping that yesterday’s labour figures from the Office for National Statistics (ONS) were going to be promising. The unemployment rate provided a good response with a fall from 3.9% to 3.8%...
Australian Dollar Forecast – Unemployment Weighs on Sentiment

Australian Dollar Starts Week Off on the Backfoot with US Looking to Extend Worries

The AUD started its first trading day of the week on the backfoot this Monday. The previous week’s performance meant that the GBPAUD interbank exchange rate is sitting at around $1.876 AUD, at the time of writing. The ongoing US trade deals were keeping many countries on the edge of their seats as a preliminary deal looked like a done deal. However, recent unfolding’s have saw president Trump denying tariff rollbacks requested by China. Trump Stands in the Way of Currency Boosts Across the World The...