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 recent lows. Sterling became more appealing on Friday due to a few better-than-expected UK ecostats.
July’s UK manufacturing production report beat expectations in both yearly and monthly prints, while NIESR’s UK growth projection for Q3 came in at 0.4%.
AUD Outlook: Australian Employment Stats in Focus
The Pound to Australian Dollar exchange rate could see busy trade in the coming days, as vital UK and Australian ecostats are due this week.
Britain’s August inflation results will be published on Tuesday and the Bank of England (BoE) will hold its September policy decision on Thursday.
The Australian Dollar will mostly react to Thursday’s Australian employment results. Investors will be paying particular attention to wage growth data.
02:30 Australian Business Confidence
09:30 UK Inflation Rate
01:30 Australian Consumer Confidence
09:30 UK Employment Report
02:20 Australian Employment Report
09:30 UK Retail Sales
12:00 Bank of England Policy Decision
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