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Currency News - AUD

GBP/AUD Climbs on RBA Cautiousness

Written by James Baxter on Friday, September 22, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7079 Yesterday’s low: AU$1.6831 Pound Capitalises on Weak Australian Dollar The Australian Dollar weakened throughout Thursday’s European session as investors digested some cautious comments from Reserve Bank of Australia (RBA) Governor Philip Lowe. Due to hawkish forecasts from NAB and ANZ on RBA interest rate hike chances, markets had once again speculated that…(read more)

GBP/AUD Rate could Turn Volatile on UK Borrowing Deficit

Written by James Baxter on Thursday, September 21, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6913 Yesterday’s low: AU$1.6782 BoE Rate Hike Uncertainty left GBP Weak on Wednesday The Pound clearly struggled against the Australian Dollar during Wednesday’s trading session. The main UK news was that retail sales had exceeded forecasts, although this failed to provide day-long support. Traders were more concerned about the odds of a Bank…(read more)

Underwhelming RBA Minutes Limit GBP/AUD Losses

Written by James Baxter on Wednesday, September 20, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6982 Yesterday’s low: AU$1.6859 Pound Falls despite Australian Dollar Weakness Sterling was sold from its best levels during Tuesday trade. While GBP/AUD initially held its ground due to disappointment with the Reserve Bank of Australia’s (RBA) latest meeting minutes, the pair was trending lower by the end of the day. Markets continued to…(read more)

GBP/AUD Slips as Carney Suggests Rate Hikes are likely to be Gradual

Written by James Baxter on Tuesday, September 19, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.7006 Yesterday’s low: AU$1.6889 Sterling Pressured As Carney Downplays Extent of Upcoming Hikes The Pound initially stumbled at the start of this week’s session in reaction to recent comments by Foreign Secretary Boris Johnson as his return to claims that money sent to the EU each week could be spent on the NHS…(read more)

GBP/AUD Hits Two-Month-High on Bank of England News

Written by James Baxter on Monday, September 18, 2017. Currency News - Sterling / AUD

Friday’s high: AU$1.6995 Friday’s low: AU$1.6743 Risk-Aversion Holds Back Australian Dollar Sterling surged against the Australian Dollar last week, as investors reacted to the latest Bank of England (BoE) meeting minutes and following hawkish comments from high ranking BoE officials. BoE Governor Mark Carney and policymaker Gertjan Vlieghe even indicated towards the end of the…(read more)

GBP/AUD Surges on BoE Rate Hike Speculation

Written by James Baxter on Friday, September 15, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6781 Yesterday’s low: AU$1.6427 Sterling Soars as BoE Strikes Hawkish Tone The Pound skyrocketed against its peers on Thursday following the conclusion of the Bank of England’s (BoE) latest monetary policy meeting as the central bank struck an unexpectedly hawkish tone in its accompanying statement. The upbeat outlook from the bank prompted rampant…(read more)

GBP/AUD Tumbles as Wage Growth Fails to Pick Up

Written by James Baxter on Thursday, September 14, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6591 Yesterday’s low: AU$1.6476 Sterling Sentiment Plummets as Average Earnings Stagnate The Pound tumbled against most of its peers on Wednesday as markets were left disappointed by the UK’s latest wage data, which held at 2.1% instead of rising to 2.3% as economists had forecast. This caused concerns because, if the Bank of…(read more)

GBP/AUD Surges on UK Inflation

Written by James Baxter on Wednesday, September 13, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6542 Yesterday’s low: AU$1.6402 Australian Dollar Trends Limply The Australian Dollar saw mixed performance yesterday. While investors are finding risky currencies more appealing this week, the Australian Dollar has been unable to benefit. This has been partially due to a recovering US Dollar and low prices of iron ore, Australia’s most lucrative commodity….(read more)

AUD Fluctuates as Risk Sentiment Rises

Written by James Baxter on Tuesday, September 12, 2017. Currency News - Sterling / AUD

Yesterday’s high: AU$1.6430 Yesterday’s low: AU$1.6354 Australian Dollar Struggles against Stronger Pound Demand for the Pound has improved since last week due to some strong UK data published on Friday, as well as speculation about the Bank of England’s (BoE) September policy decision. As a result, the volatile Australian Dollar has been unable to hold…(read more)

GBP/AUD Recovered from Lows on Friday

Written by James Baxter on Monday, September 11, 2017. Currency News - Sterling / AUD

Friday’s high: AU$1.6356 Friday’s low: AU$1.6192 Australian Dollar Fluctuates The Pound to Australian Dollar exchange rate saw wide fluctuations throughout the past week. Australia’s recent data has been too mixed to support the ‘Aussie’ and risk-sentiment has not been steady either. Due to the volatile ‘Aussie’, the Pound was able to easily recover from its…(read more)

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