Australian Dollar Volatile as It Attempts to Shake off Coronavirus Fears as Employment Data Weighs Heavy

Australian Dollar Volatile as It Attempts to Shake off Coronavirus Fears as Employment Data...

The Australian dollar continues to be haunted by the coronavirus disease which has limited the currency as it struggled to make ground ahead of the weekend. As the new trading week opens up, the currency will still see the disease as the major pivotal factor affecting the risk sensitive currency. Fears surrounding the virus appear to be reducing which could lend the AUD a helping hand. But rising unemployment rate forecasts could weigh on the Aussie dollar. Meanwhile, the GBP’s outlook has been scrutinised...
Sluggish Jobs Data Sees the AUD Sink as Pressure Mounts on RBA

Pound to Australian Exchange Rate: Sterling Edges Over Aussie as Coronavirus Sinks Market Risk...

Thursday saw trading go in favour of the pound against the Australian dollar as their exchange rate pairing (GBP/AUD) rose by 0.3%. The pairing were trading at AU$1.937 following Australia’s consumer inflation expectations report for the month of February fell under predictions, from 4.7% to 4%. The drop in AUD was also helped along by the ongoing fears concerning the coronavirus, in which more fuel was added to the fire after a spike in China’s coronavirus epidemic causing a decline of market appeal for...
Australian Dollar’s Rebound Could Be Cut by RBA as GBP Remains Supported Following Fiscal Stimulus

Australian Dollar’s Rebound Could Be Cut by RBA as GBP Remains Supported Following Fiscal...

The Australian dollar has performed much better in the recent days despite the ongoing coronavirus which hindered the currency for many weeks. Now trading as one of the best performing currencies of the past week, AUD could be under threat as analysts at Westpac have questioned the viability of the rally and warned that the Reserve Bank of Australia could yet consider quantitative easing measure in order to boost the economy. Meanwhile, GBP’s outlook continues to show support for the currency. With the UK...
Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

AUD Sees a Spike After Positive Home Loans Data Pound Sterling Sinks Following Flat UK Growth Figures in December Contact Us Yesterday saw the Australian dollar get back on track as it edged over the pound following positive news from its economic data front. The Australian home loans figure beat forecasts for December as the figure rose from -0.8% to 3.5%. The GBP/AUD exchange rate ended trading at around $AU1.925. Meanwhile, despite losing ground to AUD, GBP saw a solid recovery to start the...
Pound to Australian Dollar Exchange Rate: AUD Remains Under Pressure from Risk-Off Market Mood

Pound to Australian Dollar Exchange Rate: AUD Remains Under Pressure from Risk-Off Market Mood

The Australian dollar has been inundated with losses related to the outbreak of the coronavirus which originated in Wuhan, China, several weeks ago. The outbreak caused the Aussie to drop as the market’s sentiment switched to risk-off. As a risk sensitive currency this sent alarm bells ringing for the AUD and its investors. There has been volatility in the AUD concerning the coronavirus updates, with a sudden surge of optimism as scientists claimed to have found an effective treatment. But this spike in optimism...
Coronavirus and China Developments Top Priority for Aussie

Australian Dollar: Coronavirus and China Developments Top Priority for Aussie

Coronavirus Still Very Much on the Australian Dollar’s Radar Chinese Sentiment Also a Key Factor for AUD Outlook RBA Cuts Growth Forecasts in the Short-Term, AUD Confidence Knocked Contact Us As a fresh week opens for the trading market, investors are keen to observe the topics which the Australian dollar will likely focus on in the week ahead. As the coronavirus is still dominating headlines, it will continue to be a focus for the Australian dollar as any spikes in fears surrounding the disease...
Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

AUD on the Rise as Coronavirus Threat Looks to Lighten AUD Gains Could Continue Bullish Pattern on China Trade Developments Coronavirus Will Remain the Focus for AUD Outlook but Aussie Data Also Looms The coronavirus remains the key factor to the Australian dollar’s success in the weeks to come. After several weeks at the bottom of the trading pile due to the outbreak of the coronavirus, the Australian dollar appears to be benefitting from an increased market risk sentiment. The lift in the market’s...
Sluggish Jobs Data Sees the AUD Sink as Pressure Mounts on RBA

Australian Dollar Looks to Capitalise on Reduced Coronavirus Fears and RBA’s Optimism

Coronavirus Fears in the Market Reduce but WHO Says “No Therapeutic Treatment” for Virus RBA Optimism Drives AUD Upwards The Australian dollar’s outlook appears to be looking clearer following recent reports from Chinese researchers which suggest that they may have found a ‘cure’ for the coronavirus which has ravaged the global economy for the first quarter. But could the optimism and reduced market fears be reckless? The World Health Organisation (WHO) stepped in on Wednesday to assure that the virus is still very much...
Australian Dollar Rises After Home Loan Data Beats Predictions as GBP Shows Resilience

Pound to Australian Dollar Exchange Rate: AUD Rebounds Following RBA Rate Hold

The Australian Dollar rose yesterday after its central bank; the Reserve Bank of Australia announced its interest rate decision. The decision left the interest rate at 0.75% which markets had predicted. Though the outcome was on many investors’ minds, Australia has not had it easy over the past few months with a decline in its economic figures as well as the bushfires which heavily drained the country’s resources. Some expected that this could cause a shock twist of fate for the RBA’s decision, but...
Australian Dollar Knocks Back Sterling as Risk Sentiment Recovers and RBA Keeps Cash Rate Steady

Australian Dollar Knocks Back Sterling as Risk Sentiment Recovers and RBA Keeps Cash Rate...

Last week saw GBP rise over the Australian dollar following the announcement of a hold on the cash rate from the Bank of England (BoE). This news allowed the pound to edge over AUD which was facing a decline amid a decline in the markets risk sentiment. The risk sentiment declined after fears of the spread of coronavirus. However, AUD looks to be on the recovery now as the markets risk sentiment appears to be recovering as positive signs of the coronavirus’s containment have...