According to the latest forecasts from Australian lender St George Bank, the Aussie unit has finally found a new floor after months of heavy losses.
July 6,2018
The Australian Dollar rose across the board Wednesday as markets responded to a better-than-expected set of retail sales figures for May, although the data does little to convince markets the RBA will raise interest rates anytime soon, prompting analysts at ABN Amro to downgrade their forecasts for the currency.
July 4,2018
The Australian Dollar strengthened during early trading Tuesday after the Reserve Bank of Australia signalled improving confidence in the outlook for wage growth down under and that it is comfortable with the current level of the Australian Dollar when some analysts had been entertaining the possibility of a dovish turn in the bank's rhetoric.
July 3,2018
Technical studies are supportive of Pound Sterling's prospects against the Australian Dollar but much will depend on the flavour of UK PMI data and this week's RBA event.
July 2,2018
The Australian Dollar is vulnerable to further losses during the months ahead, according to strategists at Australia and New Zealand Banking Group, who argue in their latest research note that both domestic and global factors have conspired to darken the outlook for the Antipodean unit.
June 28,2018
The Australian Dollar outlook has gone from bad to worse in 2018 and the Antipodean unit is now liable for further declines in the months ahead, according to forecasts from analysts at Rabobank, who have warned of losses around the same time as Morgan Stanley strategists bet on a return to financial crisis lows for the currency.
June 26,2018
Technical studies suggest the GBP/AUD exchange rate could find its recent uptrend extend while from a fundamental perspective there is little by way of economic data this week as politics takes centre stage.
June 25,2018
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