Daily Exchange Rate Forecasts

Daily Insight Category

Even though December’s Australian services PMI showed a modest improvement on the month this failed to particularly shore up AUD exchange rates. Demand for the Australian Dollar faltered somewhat on Thursday, given the solid gains that the antipodean currency has made in recent weeks. While a general sense of market risk appetite remained this was [...]

Read more



While copper prices retreated from their highs overnight the Australian Dollar remained on bullish form. Investors continued to favour the ‘Aussie’ as the general sense of market risk appetite persisted, thanks to the positive nature of recent Chinese data and a weaker US Dollar. Even so, this uptrend remained somewhat fragile in the absence of [...]

Read more



Even though Australia’s December manufacturing PMI proved somewhat disappointing AUD exchange rates still found some support as the new trading year started. This was largely thanks to a better-than-expected Chinese manufacturing PMI, which encouraged investors to pile back into commodity-correlated currencies on Tuesday. With copper prices also shored up, and Chinese demand for base metals [...]

Read more



In the absence of fresh domestic data the Australian Dollar nevertheless returned to a generally stronger footing. AUD exchange rates made some solid gains on Thursday, capitalising on thinning trading volumes and weakness in the US Dollar. As the latest US growth and employment data failed to impress this offered support to the commodity-correlated ‘Aussie’, [...]

Read more



A slight easing in the Westpac leading index for November saw the ‘Aussie’ falter. As the indicator slipped from 0.14% to 0.10% this suggests that Australia’s economic momentum is not as strong as might be hoped. This could discourage the Reserve Bank of Australia (RBA), further boosting the likelihood of interest rates remaining on hold [...]

Read more



Markets were generally encouraged by the tone of the Reserve Bank of Australia’s (RBA) December meeting minutes, which took a more confident view on the domestic outlook. This helped to boost the Australian Dollar further against its rivals, especially as the Roy Morgan weekly consumer confidence index ticked higher. However, as the prospect of any [...]

Read more



Brexit Hopes Bolster GBP Exchange Rates

Posted by:
Date: December 19th, 2017.

The release of the Mid-Year Economic and Fiscal Outlook report encouraged investors to favour the Australian Dollar at the start of the week, with confidence in the domestic economy improving. However, as the Reserve Bank of Australia (RBA) looks set to remain on a neutral policy bias for the foreseeable future the upside potential of [...]

Read more



Posted by:
Date: December 14th, 2017.

A strong uptick in consumer confidence and appetite for risk-assets boosted the Australian Dollar against its peers yesterday. The Westpac consumer confidence index for December rose 3.6% to 103.3, more-than counterbalancing the -1.7% drop seen in November. As well as reacting to the latest monetary policy announcements from the US Federal Open Market Committee (FOMC), [...]

Read more



Risk-appetite was on strong form yesterday, allowing the Australian Dollar to make bullish gains versus its peers. Markets weren’t perturbed by a slight weakening in the ANZ Roy Morgan weekly consumer confidence index, nor by a slump in the NAB business conditions and business confidence measures. Reserve Bank of Australia (RBA) Governor Philip Lowe is [...]

Read more



The tumbling price of iron ore, one of Australia’s key commodities, put Australian Dollar exchange rates on the back foot at the tail end of last week. However, the ‘Aussie’ swiftly recovered losses against a broadly softening Pound and could bounce higher if the National Australia Bank (NAB) business conditions and business confidence figures impress. [...]

Read more



© TorFX. Unauthorised copying or re-wording of this blog content is prohibited. The copyright of this content is owned by Tor Currency Exchange Ltd. Any unauthorised copying or re-wording will constitute an infringement of copyright.