Latest 10 news items tagged Australian Dollar Exchange Rate from our financial blog...
Pound Australian Dollar Exchange Rate Steady as UK Factory Output Soars
Published: 22 Jul at 3 PM 2021
The Pound to Australian Dollar exchange rate held steady today following the release of the latest UK factory output and orders data, which surged at its quickest rate since 1974. The pairing is currently fluctuating around AU$1.86.
Rain Newton-Smith, the chief economist at CBI, however warned:
‘Businesses have already endured a prolonged period of inhibited demand, so it is vital that government now takes all possible steps to protect this resurgence in activity.’
Today also saw the Bank of England’s (BoE) deputy governor,...
GBP/NZD Exchange Rate Dips Despite Hawkish Bias from the Reserve Bank of New Zealand
Published: 27 May at 10 AM 2021
The Pound New Zealand Dollar (GBP/NZD) exchange rate fell by -0.2% despite the Reserve Bank of New Zealand’s (RBNZ) hawkish bias this week by forecasting a possible rate hike next year. The pairing is currently trading around NZ$1.93.
The New Zealand Dollar’s gains against the Pound – which shot up by 1% yesterday – proved to be short-lived as New Zealand-China trade relations continue to show signs of souring.
New Zealand’s foreign minister Nanaia Mahuta warned about growing tensions between New Zealand and Beijing,...
Pound Australian Dollar (GBP/AUD) Exchange Rate Rises as Tensions Between Australia and China Mount
Published: 29 Apr at 12 PM 2021
The Pound Australian Dollar exchange rate rose today following yesterday’s release of the latest Australian inflation gauge. The nation’s inflation figure rose less than expected, dampening confidence in Australia’s economic recovery. The pairing is currently trading around AU$1.79.
Sarah Hunter, chief economist for BIS Oxford Economics, commented:
‘Core inflation is likely to remain weak for some time. Wages growth remains subdued and demand for many services is still recovering to pre-pandemic levels, which will limit any...
British Pound to Australian Dollar Exchange Avoids Losses despite Strong Australian Inflation Report
Published: 29 Jan at 5 PM 2020
Despite some strong Australian data published today, the Australian Dollar was unable to sustain much of a recovery from this week’s tumbles and the British Pound to Australian Dollar (GBP/AUD) exchange rate continued to trend high.
Since opening this week at the level of 1.9154, GBP/AUD has been trending higher due largely to global market concerns over a coronavirus outbreak spreading in China.
GBP/AUD touched on a monthly high of 1.9350 yesterday, and while strong Australian data has helped the ‘Aussie’ to rebound slightly...
British Pound to Australian Dollar Exchange Rate Drops Back from 2020 Best on Surprising Australian Job Report
Published: 23 Jan at 3 PM 2020
The British Pound to Australian Dollar (GBP/AUD) exchange rate has seen significant gains over the past week, but the pair has finally cooled after yesterday’s volatile movement thanks to some strong Australian data. As Australia’s latest job market report was strong, it helped the Australian Dollar to rebound from its recent lows.
Since opening this week at the level of 1.8925, GBP/AUD has spent most of the week climbing. GBP/AUD gained significantly from Monday through Wednesday, briefly touching on a high of 1.9219 yesterday....
Pound Australian Dollar (GBP/AUD) Exchange Rate Flat as MPs Agree to Pre-Christmas Election
Published: 30 Oct at 1 PM 2019
The Pound Sterling Australian Dollar (GBP/AUD) exchange rate was left muted today, as MPs began preparations for a pre-Christmas election, leaving the pairing trading around AU$1.8795.
Sterling was supported this week on increased hopes the UK will avoid crashing out of the European Union without a deal thanks to a three-month ‘flextension’ granted by EU leaders.
Prime Minister Boris Johnson has said the election will break the current Brexit deadlock that has plagued parliament, preventing the UK from leaving the bloc....
Pound Australian (GBP/AUD) Exchange Rate Steadies as Risk-Appetite Returns Ahead of G20 Summit
Published: 27 Jun at 2 PM 2019
The Pound Australian Dollar (GBP/AUD) held steady today as ‘Aussie’ traders have been buoyed with a risk-on attitude ahead of tomorrow’s G20 summit in Japan.
This came following comments from the US Treasury Secretary, Steven Mnuchin, who said yesterday:
‘We were about 90% of the way there [with a deal] and I think there’s a path to complete this.’
As China is Australia’s closest trading partner, optimism over a US-China trade deal has encouraged traders to invest in the risk-correlated ‘Aussie’.
Australian Dollar to US Dollar Exchange Rate Rebounds from Post-January Worst
Published: 20 Jun at 1 PM 2019
The Australian Dollar outlook has become continuously more bearish in recent weeks, but the Australian Dollar to US Dollar (AUD/USD) exchange rate has seen a strong rebound in demand this week as investors digest the latest major Central Bank developments.
After opening this week at the level of 0.6873, AUD/USD briefly slumped and touched on its worst levels in months. 0.6834 was the worst AUD/USD level since the January 2019 flash crash, and not counting the flash crash it was one of the worst levels for the pair in years.
Euro to Australian Dollar Exchange Rate Hits Best since January on Solid Eurozone Data and RBA Rate Cut Bets
Published: 15 May at 1 PM 2019
The Euro to Australian Dollar (EUR/AUD) exchange rate’s rally has lasted for almost a full month now, and the pair is looking on track to sustain another strong set of gains this week unless tomorrow’s highly anticipated Australian job market report beats market expectations.
Following last week’s climb from 1.5975 to 1.6050, EUR/AUD has seen even stronger gains this week already due to another Australian Dollar selloff. At the time of writing on Wednesday, EUR/AUD was trending close to its weekly high of 1.6199, which was also...
British Pound to Australian Dollar Exchange Rate Recovers to Weekly Highs on Brexit Speculation and Australian Data
Published: 5 Dec at 1 PM 2018
Despite its risk rally driven plummet at the beginning of the week, the British Pound to Australian Dollar (GBP/AUD) exchange rate has seen a strong recovery since Tuesday evening. This was due to a combination of factors including soft Brexit hopes, weaker risk-sentiment and some disappointing Australian ecostats.
After opening this week at the level of 1.7447, GBP/AUD plummeted by over two cents and briefly touched on an eleven month low of 1.7217. Since then though, GBP/AUD has recovered its weekly losses. On Wednesday, GBP/AUD...