Daily Exchange Rate Forecasts

Daily Insight Category

Pound Plunges in Spite of BoE Interest Rate Hike

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Date: November 3rd, 2017.

Confidence in the ‘Aussie’ strengthened sharply in the wake of a better-than-expected widening of the trade surplus. This was accompanied by a surprise rebound in September’s building approvals figures, together suggesting that the Australian economy is in a stronger state than previously thought. With market risk appetite also picking up in the wake of the [...]

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While the Australian manufacturing sector lost some of its momentum in October, with the PMI dipping from 54.2 to 51.1, this failed to particularly weigh on the ‘Aussie’. Instead the antipodean currency benefitted from the latest signs of solid growth from the Chinese economy and a weaker US Dollar. As markets waited to find out [...]

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Another disappointment weighed on the ‘Aussie’ on Tuesday as private sector credit failed to pick up on the year as expected. Coupled with a sharp contraction in the HIA new home sales data this suggests that the Australian economy is not in the strongest of shapes at this juncture. The mood towards the antipodean currency [...]

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Demand for the ‘Aussie’ was relatively limited at the start of the week, largely thanks to a data-light day of trading. Without any encouragement from domestic data the Australian Dollar struggled to find traction against many of its rivals, particularly as the general sense of market risk appetite remained limited. As the Australian government remains [...]

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‘Greenback’ Soars on Robust US Growth Data

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Date: October 30th, 2017.

Unsurprisingly, the third quarter Australian producer price index showed modest slowing on the year to ease from 1.7% to 1.6%. This reflected the weakness of the recent consumer price index data, adding to the less impressive picture of domestic inflationary pressure. The mood towards the ‘Aussie’ soured further thanks to political developments, with the government [...]

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Posted by:
Date: October 27th, 2017.

. A smaller-than-expected contraction in the third quarter Australian export price index offered support to the ‘Aussie’. While this does not mitigate the negative implications of Wednesday’s poor inflation data the improvement was enough to prevent AUD exchange rates shedding further ground. Comments from Reserve Bank of Australia (RBA) deputy governor Guy Debelle also helped [...]

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Demand for the ‘Aussie’ plunged sharply as the third quarter consumer price index data undershot market expectations. Investors were disappointed as inflationary pressure dipped from 1.9% to 1.8% on the year, rather than rising to 2.0% as forecast. This will give the Reserve Bank of Australia (RBA) more reason to leave interest rates on hold [...]

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A decent uptick in the ANZ Roy Morgan weekly consumer confidence index was not enough to particularly shore up the Australian Dollar yesterday. With market risk appetite still largely limited by the bullishness of the US Dollar investors saw little reason to buy back into the antipodean currency at this juncture. Anticipation ahead of today’s [...]

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Catalan Crisis Continues to Dominate EUR Outlook

Posted by:
Date: October 24th, 2017.

The mood towards the Australian Dollar was relatively mixed at the start of the week, with a lack of fresh domestic data limiting the momentum of the antipodean currency. A sharp softening of September’s Chinese house price index put some degree of downside pressure on the ‘Aussie’, undermining recent optimism in China’s economic outlook. With [...]

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Pound Surged Higher on Brexit Progress

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Date: October 23rd, 2017.

Demand for the ‘Aussie’ generally weakened on Friday, with the antipodean currency lacking any particular support on a data-light day. Extra downside pressure came from news that the US Senate had voted through a budget blueprint for the 2018 fiscal year, suggesting some progress towards the Trump administration’s promised tax reforms. With market risk appetite [...]

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