While the AUD/GBP exchange rate has been hit by another China-inspired stock sell-off, the Australian Dollar is advancing on US interest rate pessimism. Pound Sterling has been buoyed by optimistic forecasts for UK economic performance in 2016, although not enough to gain ground against the ‘Aussie’ (AUD). After delivering the […]
The Australian Dollar to US Dollar (AUD/USD) exchange rate cooled by around -0.2% during Thursday’s European session. During the Australasian session, the South Pacific asset declined in response to speculation that the Federal Reserve will look to hike the cash rate in December. As a risk-correlated asset, the resultant US […]
The Australian Dollar to US Dollar exchange rate softened by around -0.3% during Tuesday’s European session. After September’s Chinese Industrial Profits contracted far less than the previous month’s depreciation of -8.8%, the Australian Dollar edged higher versus many of its currency rivals. Aiding the appreciation was a fractional rise in […]
The Australian Dollar to Euro (AUD/EUR) exchange rate was trending within a limited range during Tuesday’s European session. After declining significantly in response to the slowest rate of Chinese growth since 2009 on Monday, the Australian Dollar recovered some of its losses during Tuesday’s London session. The appreciation can be […]
The Australian Dollar to US Dollar (AUD/USD) exchange rate declined by around -0.6% during Tuesday’s European session. After economic data revealed that Chinese imports plummeted by more-than-expected, the Australian Dollar dived versus its major peers. On the year, China’s Imports contracted by -20.4%; well beyond the median market forecast -15.9%. […]
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