AUD to GBP

Australian Dollar likely to end November on a low point

In short The Australian dollar has lost ground in November It has lost the most ground to the US dollar but is also down against the New Zealand Dollar, Euro, British Pound and Japanese Yen Interest rate expectations in Australia weighs on the AUD Time Open Low High Today 0.6766 In the last week 0.6761 0.6811 In the last month 0.6761 0.6926 The Australian dollar falling In November, the Australian dollar has fallen: 1% against the US dollar and more than 2% from it’s recent peak at 0.6926 1% against the British Pound and more than 2% from it’s recent […]

GBP/AUD hits 1.9000 for the first time in years

In short The GBPAUD hits 1.9000 for the first time since the Brexit in June 2016 The British Pound has gradually been getting strong against the Australian dollar for 3 years The AUD/NZD also broke new ground, sinking below 1.0600 Time Open Low High Today 1.9020 In the last week 1.8350 1.9064 In the last 5 years 1.5909 2.2089 The Australian dollar lost a little ground overnight. The AUD/USD fell below 68 cents while the AUD/NZD fell under 1.0600 for the first time in almost 3 months. The small fall was enough to push the GBP/AUD up above 1.9000 for […]

Why the outlook for the Australian Dollar is so uncertain

In short The Aussie dollar ends the week lower against the US dollar but flat or higher against other major currencies Strong trade balance figures fail to lift the AUD Forecasts for the Australian dollar vary but most point towards a lower exchange rate Currency Open Low High Now AUD to USD 0.6907 0.6863 0.6929 0.6879 AUD to EUR 0.6185 0.6168 0.6257 0.6224 AUD to GBP 0.5346 0.5344 0.5398 0.5368 AUD to NZD 1.0815 1.0863 1.0804 1.0804 AUD to JPY 74.60 74.58 75.65 75.13 The Australian dollar may have lost ground to the US dollar this week but it is […]

Aussie dollar drifts lower ahead of Trade Balance figures

In short The Australian dollar falls below 69 cents against the US dollar Mixed results against other major currencies Australian and Chinese trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6881 In the last week 0.6871 0.6929 In the last month 0.6714 0.6929 Overnight the AUD/USD drifted below 69 cents for the second time this week. It wasn’t all bad news for the local currency though. It remained broadly unchanged against the Euro, British Pound and New Zealand Dollar. With the RBA meeting done for another month, the markets attention […]

AUD finds support as the RBA keeps rates on hold

In short The Australian dollar fell overnight but recovered after the RBA left rates on hold The central banks view on the Australian economy also remained largely unchanged Australian trade balance data including imports and exports due out later in the week Time Open Low High Today 0.6908 In the last week 0.6844 0.6929 In the last month 0.6714 0.6929 The Australian dollar gained against most major currencies after the RBA left interest rates on hold at 0.75% After nearly 3 years of no change, the central bank has cut rates 3 times this year in June, July and October. […]

Aussie Dollar dips on weak retail sales figures but recovers above 69 cents

In short The Australian dollar fell after soft retail sales figures but remained above 69 cents It recovered against the British pound (GBP), Japanese Yen (JPY) and Euro (EUR) but stayed down against the NZ dollar (NZD) RBA unlikely to cut rates on Melbourne Cup on Tuesday Time Open Low High Today 0.6915 In the last week 0.6813 0.6929 In the last month 0.6714 0.6929 The Australian dollar was under fire early in the week as soft retail sales data sent it south. Figures showed almost no growth in retail sales of 0.2% which was lower than the 0.4% from […]