Exchange Rate Forecasts

AUD-GBP Update Category

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 [...]

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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 [...]

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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 [...]

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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” [...]

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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 [...]

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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 [...]

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Australian Dollar (AUD) Continues to Dwindle

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Date: 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 [...]

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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 [...]

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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 [...]

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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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