The Australian Dollar slipped lower against the US Dollar Tuesday as the greenback traded on the front foots against all of its developed world rivals but this weakness is only temporary, according to strategists at investment bank Societe Generale, who forecast the Antipodean unit to rise by almost 10% against the Dollar and Pound before the year is out.
June 20,2018
The Australian Dollar fell to a one-year low Tuesday after the Reserve Bank of Australia appeared to downgrade its outlook for domestic interest rates and as financial markets responded to the latest escalation in the so called trade war between the US and China.
June 19,2018
The Pound-to-Australian-Dollar rate rose last week after a renewed bout of risk aversion in global financial markets sent the Antipodean currency tumbling, although some analysts are suggesting the British currency could cede ground to the Aussie during the current week.
June 18,2018
The Australian Dollar sold off Thursday as traders looked through a steeper-than-expected fall in the Aussie unemployment rate during May, to focus instead on a falling "participation rate".
June 14,2018
Bulls bellow as GBP/AUD reverses its short-term downtrend; much in the coming week will depend on UK inflation and wage data while the Aussie Dollar will be watching the employment report.
June 10,2018
The Australian Dollar could receive a boost if next week's data shows the Antipodean nation's labour market is shown improving further, according to strategists at ANZ Research, although they argue the Aussie unit remains a risky proposition and that traders should just "sell the rallies".
June 8,2018
A positive trend in Aussie economic growth is unlikely to abate any time soon or be impacted by macro trade war themes, so the outlook remains positive for the Australian economy.
June 7,2018
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