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...
Coronavirus Remains Outlook Focus for Australian Dollar as Fears Lighten

Pound to Australian Dollar Exchange Rate: Could Volatility Be the Next Hurdle?

As a fresh trading week opens, the market looks to the Reserve Bank of Australia as they prepare to announce their interest rate decision on Tuesday 4th February. The Australian central bank’s interest rate decision comes a week after a hectic decision that was made by the UK’s Bank of England (BoE) which ultimately saw them keep their cash rate the same at 0.75%. But the build-up to the decision was not clear-cut and saw the pound drop as investors flocked to safe havens...
Pound Sterling Claws Back Gains on the Australian Dollar as BoE Holds Cash Rate

Pound Sterling Claws Back Gains on the Australian Dollar as BoE Holds Cash Rate

Yesterday saw the announcement of the Bank of England’s interest rate decision. The decision saw the UK’s interest rate remain steady at 0.75%. This caused an influx of confidence back into the GBP, which saw the currency soar. This also meant that GBP regained its progression over the Australian dollar, which had been previously faltered after the BoE rate cut bet jitters. Investors were concerned that the BoE would fall victim to a rate cut which would have reduced the strength of GBP. Thankfully...
Australian Dollar Strengthens After Strong Inflation Data as GBP Faulters on BoE Decision

Australian Dollar Strengthens After Strong Inflation Data as GBP Faulters on BoE Decision

The Australian Dollar strengthened yesterday after positive inflation data was released during the Asian session. The data showed that the nation’s consumer inflation beat expectations on year in the fourth quarter. The data release from the Australian Bureau of Statistics showed that inflation gained 1.8% on an annual basis. The data beat forecasts which were expecting 1.7%, which would have seen the reading remain unchanged from the previous quarter. Meanwhile, the GBP waits for today’s interest rate decision which is set to shape the...
Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

Pound to Australian Dollar Exchange Rate Slides as Hard Brexit Bets Build-Up

The GBP/AUD exchange rate slipped yesterday after fears of a hard Brexit escalated. Fresh market anxiety rose after comments from the BDI, a key German industry association which reignited fears over the chance of a potential hard Brexit and left the pound on the back foot. The BDI warned that a comprehensive free trade agreement is impossible for the UK and the EU to resolve by the end of the year. This warning soured the mood of investors. Meanwhile, the Australian dollar is still...
Australian Dollar Could Decline Further as Unemployment Spikes, Rate Cut Looms

Australian Dollar Slumps Amidst Coronavirus Fears as GBP Awaits BoE Decision

The AUD is surrounded in volatility surrounding the Coronavirus outbreak which has plagued China and continues to spread further afield. News yesterday of the number of cases of the Wuhan coronavirus rising sent the AUD slumping alongside the Chinese Yuan. Being so close in proximity and being so heavily linked with the infected country has caused a crash in the risk-sensitive Aussie dollar. Meanwhile, investors in GBP will be awaiting Thursday’s BoE rate cut decision. With recent gains experienced by the UK, investors will...