Exchange Rate Forecasts

AUD-GBP Update Category

The Australian Dollar to US Dollar (AUD/USD) surges on surprising local job data

Friday, December 11th, 2015

The Australian Dollar (AUD) rallied yesterday after jobs data released by the Australian Bureau of Statistics (ABS) indicated that job growth is at its highest since the 1980’s. While doubts surged around the validity of the data the surface result enough to raise confidence in the local economy in turn lengthening the odds of another [...]

Australian Dollar to US Dollar (AUD/USD) weakens as investors predict a US Rate Hike for Christmas

Wednesday, November 11th, 2015

The Australian Dollar to US Dollar (AUD/USD) exchange rate has continued to weaken this week in expectation of a US Federal Reserve rate rise in December. At 0630 AEDT on Wednesday, the currency was trading at 0.7030 cents, down from 0.7065 on Tuesday. Falling to its lowest point in almost six weeks yesterday, The ASX [...]

Australian Dollar (AUD) Plummets following disappointing Chinese Data

Wednesday, October 14th, 2015

The Australian Dollar to US Dollar (AUD/USD) exchange rate fell by close to half a percent in yesterday’s Australian trading session following the release of poor Chinese data. This trend continued in offshore sessions with the AUD falling by almost 2% in response to the disappointing trade data. Boosted Business Confidence acted to offer little consolation [...]

Australian Dollar (AUD) Lifts After RBA Hold Rates

Wednesday, October 7th, 2015

The Australian Dollar (AUD) pushed up yesterday following on from the Reserve Bank of Australia’s (RBA) October decision to keep interest rates on hold at record lows of 2.00%. The accompanying statement by Glenn Stevens, Governor of the RBA, indicated that “further information on economic and financial conditions to be received over the period ahead” [...]

Australian Dollar (AUD) Ignores Drop in Consumer Confidence to Focus on Today’s Employment Data

Wednesday, September 9th, 2015

The Australian Dollar (AUD) ignored the massive drop to Consumer Confidence yesterday, which fell from a 7.8% reading last month to -5.6% for September, and held steady following the release. Today the focus will be on the Australian employment data at 11:30 AEST to determine which direction the AUD will move next. Yesterday Deputy Governor [...]

Australian Dollar to US Dollar (AUD/USD) Exchange Rate Bounces Back; as Domestic Data meets expectation

Wednesday, September 9th, 2015

After a slow start to the week the Australian Dollar made some gains yesterday on the back of slightly better than expected local and Chinese data. These gains continued overnight in offshore sessions to push the Australian Dollar to US Dollar exchange rate back over the 70 cent mark. At Wednesday 08:00am the AUD/USD Exchange Rate [...]

Australian Dollar (AUD) Continues to Dwindle

Tuesday, August 18th, 2015

The Australian Dollar (AUD) had been relatively stable during this week’s trading, with only minor movement back and forth being experienced. Overnight however, the AUD lost between half and a full percent against the majors and minors after appearing to find some degree of stability earlier in the week. Yesterday the Reserve Bank of Australia [...]

Australian Dollar (AUD) Yo-Yo’s Following Second Devaluation of Chinese Currency

Wednesday, August 12th, 2015

The Australian Dollar tumbled mid-morning yesterday when the Chinese authorities devalued the Yuan for a second day in a row, this time by 1.6%. When the People’s Bank of China described Tuesday’s devaluation of the Yuan by 1.9% as “a one-off move”, perhaps they meant for that day only. The AUD responded to the news [...]

Australian Dollar (AUD) Remains Volatile Against Euro (EUR) and Pound (GBP)

Monday, June 29th, 2015

The Australian Dollar (AUD) has had a very volatile start to the week, experiencing major swings back and forth against the Euro and trading at a fresh 6 year low against the Pound (GBP) before recovering slightly. There are a number of medium and minor economic indicators that will be released locally this week. Today [...]

AUD/GBP: UK Inflation figures are expected to continue the strong GBP rally.

Sunday, June 14th, 2015

Recently in the UK, the Domestic Inflation figures have been struggling; much like their European neighbours. For the last three months the UK, the Consumer Price Index figures have been released at 0% or under. Typically this would hinder the domestic currency strength of the country releasing the below par figures; However, this is not [...]

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