Latest 10 news items tagged Australian Dollar Exchange Rate from our financial blog...
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...
Australian Dollar to New Zealand Dollar Exchange Rate Hits 4-Month-Worst on Rising New Zealand Outlook
Published: 8 Nov at 1 PM 2018
Demand for both the Australian Dollar and New Zealand Dollar have risen this week as markets become more willing to take risks again, but the Australian Dollar to New Zealand Dollar (AUD/NZD) exchange rate itself has tumbled due to data and news that has caused a surge in New Zealand Dollar buying.
Since opening this week at the level of 1.0818, AUD/NZD briefly edged higher before plunging during Wednesday’s Asian session. On Thursday morning, AUD/NZD touched on a four month low of 1.0713 before edging higher to trend in the region...
Australian Dollar to Euro Exchange Rate Touches Best Levels in a Month Following RBA Decision
Published: 7 Aug at 4 PM 2018
While both the Australian Dollar and Euro have seen stronger demand this week amid lighter trade jitters and a weaker US Dollar (USD), the Australian Dollar to Euro (AUD/EUR) exchange rate has ultimately continued its advance. If Australian data due in the coming sessions continues to impress, the pair could rise even higher.
It may struggle to match the big jump seen last week, but AUD/EUR is still on track to see another week of gains. Last week, AUD/EUR jumped from the week’s opening levels of 0.6348 and closed the week at 0.6397....
Euro to Australian Dollar Exchange Rate Advances despite Underwhelming Eurozone Confidence Results
Published: 24 Apr at 5 PM 2018
While not significantly disappointing, Tuesday’s Australian inflation results from Q1 2018 were enough to help the Euro to Australian Dollar (EUR/AUD) exchange rate advance throughout the day. This was despite some disappointing business confidence stats from major Eurozone nations.
Low Reserve Bank of Australia (RBA) interest rate hike bets and underwhelming Australian data could cause EUR/AUD to see another week of gains. Last week, EUR/AUD climbed from 1.5882 to 1.6023, and this week the pair has touched on an April high of...
British Pound to Euro Exchange Rate Falls Back from Highs on Rumours of ECB Rate Hike Debates
Published: 19 Mar at 5 PM 2018
While news of a breakthrough in Brexit talks left the Pound far more appealing on Monday, the British Pound to Euro (GBP/EUR) exchange rate was ultimately unable to hold its best levels due to European Central Bank (ECB) rumours supporting the Euro towards the end of the day.
ECB dovishness had been the main cause of GBP/EUR gains last week. The pair climbed from 1.1254 to 1.1341 throughout the week. On Monday though, GBP/EUR quickly jumped to touch a March high of 1.1432 – but ultimately trended closer to 1.1390.