Last week’s high: AU$1.7903
Last week’s low: AU$1.7617
Sterling Bounces Back from Worst Levels
After dipping in reaction to the UK’s latest employment figures, the GBP/AUD exchange rate managed to recover losses before the end of the week.
The Australian Dollar lost around 0.3% against the Pound on Friday, but still managed to hold its own against the New Zealand Dollar and Euro.
AUD Outlook: Aussie Could Gain on Manufacturing Strength
Next week is fairly quiet in terms of economic releases from Australia, with only the nation’s private sector credit and AiG Performance of Manufacturing Index set for publication.
A strong result could push the Australian Dollar higher, while any reduction in manufacturing output would reduce demand for the ‘Aussie’.
Risk appetite and any shifts in commodity prices could also have an impact on the currency.
AUD Private Sector Credit
AUD AiG Performance of Manufacturing Index
AUD Private Capital Expenditure
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Senior Currency Broker
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