Australian Dollar forecast - aud australlian dollar aussie dollar aus dollar

Inflation has risen steadily from a February low of 3.4% and will be a major concern for the RBA. Markets have priced in a 50% probability of a rate hike by September and this has boosted the Australian Dollar. ‘Risk off’ is the theme on Wednesday as stock markets in Europe and the US drift lower by around –0.3% ahead of the...

The Reserve Bank of Australia (RBA) held interest rates at 4.35%, in line with consensus forecasts and there were no updated forecasts at this meeting. Comments from Governor Bullock were, however, more hawkish than expected which helped underpin the Australian currency amid further warnings that interest rates may have to...

The RBA have their work cut out getting inflation under control. April’s CPI figures were higher than expected and rose across a number of sectors. Rate cuts look unlikely this year and speculation is growing the next move may be a hike if data continues to disappoint. Inflation remains the market’s main focus and the...

Tuesday’s RBA meeting was the first central bank meeting of the week, with the BoE due on Thursday. The RBA were relatively hawkish and hikes are still on the table. However, the slowing economy makes further tightening unlikely and the Australian Dollar fell following the meeting. Markets have maintained the bullish momentum...

The Pound to Australian dollar (GBP/AUD) exchange rate challenged 3-week highs at 1.9025 in immediate response to the latest inflation data, but there was a sharp retracement later in the session with GBP/AUD dipping to 1.8940 before settling around 1.8965. The Australian dollar to US dollar (AUD/USD) exchange rate traded just above...

Australian Dollar Exchange Rates Take Advantage of Easier Financial Conditions, GBP/AUD Hits 5-Month Lows Expectations of Federal Reserve rate cuts during 2024 have been crucial in boosting the Australian dollar, especially with expectations that the Reserve Bank of Australia will be slow in relaxing monetary policy. The Australian...

Australian Dollar Dips as Reserve Bank of Australia Holds Rates at 4.35%, GBP/AUD Posts 2-Week Highs above 1.92 The Australian dollar dipped after the Reserve Bank of Australia (RBA) decision with the Australian dollar to US dollar (AUD/USD) exchange rate dipping to below 0.6600 and trading around 0.6580. The Pound to Australian dollar...

The Australian and New Zealand dollars both benefitted from a surge in risk appetite following the benign US inflation data and the Australian dollar also drew support from the latest wages data. Chinese data releases also triggered an element of optimism surrounding the economic outlook which also underpinned the Australian and New...

The Pound Australian Dollar (GBP/AUD) exchange rate spiked to the best conversion in a week after the Reserve Bank of Australia (RBA) increased interest rates to 4.35% at the latest policy meeting, in line with consensus forecasts. Despite a brief spike on the decision, the Australian currency declined sharply. The Australian dollar...

The Pound Australian Dollar (GBP/AUD) exchange rate weakened on Monday, following unexpectedly strong Australian retail data. At the time of writing, GBP/AUD traded at around AU$1.9062, falling by just over 0.3% from Monday’s morning rates. The Australian Dollar (AUD) strengthened over the course of Monday’s session, following...