AUD to GBP

Australian Dollar Opens the Week Lower

In short The Australian dollar opens the week lower against most major currencies Retail sales figures out on Friday shows Aussies are not spending their tax cuts US employment data made the US dollar weaker, helping the AUD to USD to finish the week on a high Currency Open Low High Now AUD to USD 0.6771 0.6750 0.6771 0.6752 AUD to EUR 0.6167 0.6146 0.6167 0.6148 AUD to GBP 0.5488 0.5476 0.5501 0.5477 AUD to NZD 1.0724 1.0691 1.0728 1.0694 AUD to JPY 72.91 72.00 72.91 72.12 Friday was a mixed day for the Australian dollar with weaker economic data […]

Australian dollar bounces back

In short The Australian dollar has bounced Thursday night after getting punished Tuesday and Wednesday Broad gains against the New Zealand Dollar, British Pound, Japanese Yen or Euro The AUD looks likely to finish the week close to where it started despite the volatility Currency Open Low High Now AUD to USD 0.6770 0.6770 0.6683 0.6744 AUD to EUR 0.6192 0.6119 0.6199 0.6147 AUD to GBP 0.5493 0.5429 0.5504 0.5467 AUD to NZD 1.0681 1.0677 1.0710 1.0709 AUD to JPY 72.83 71.78 73.16 72.06 The Australian Dollar staged a mild recovery on Thursday night as the US dollar fell against […]

Australian Dollar spikes then gets dumped following RBA interest rate cut

In short The Australian dollar went down before the interest rate announcement, bounced higher straight after the announcement then fell sharply Broad losses against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA also expected to cut rates next month to 0.75% Time Open Low High Today 0.6751 Yesterday 0.6768 0.6734 In the last week 0.6747 0.6801 In the 3 months 0.6734 0.6710 The RBA met today and announced that official interest rates are to be cut by 0.25% to 0.75%. While this was largely expected, most market analysts poured through the statement that came with the […]

Australian Dollar finishes the week flat against all major currencies

In short The Australian dollar finishes the week as it started – between 67 and 68 cents Very little movement against the New Zealand Dollar, British Pound, Japanese Yen or Euro The RBA meets on Tuesday with 75% of the market pricing in another interest rate cut Time Open Low High Today 0.6751 Yesterday 0.6747 0.6778 In the last week 0.6747 0.6801 In the 3 months 0.6727 0.7022 Last night in the US, the GDP and Trade Balance figures came in close to expectations, leaving the markets little to react to. Here is where the Australian Dollar (AUD) has traded […]

Political drama abroad fails to move the Aussie dollar

In short AUD to USD continues to trade either side of 68 cents against the US dollar The RBA is likely to cut interest rates in October but thinks the economy is turning the corner Brexit drama in the UK continues while the Democrats in Washington move to impeach Trump Time Open Low High Today 0.6798 Yesterday 0.6789 0.6802 In the last week 0.6765 0.6841 In the 3 months 0.6718 0.7032 The head of the Reserve Bank of Australia (RBA), Philip Lowe gave a speech yesterday. With most economists predicting that they will cut interest rates in October, the governor […]

GBPAUD hits 18 week high

In short The GBPAUD hits 1.8481 for the first time since May 20 2019 The British Pound has been getting stronger for the last 4 weeks after being sold off Brexit uncertainty continues to be a big influence over the GBP Time Open Low High Today 1.8417 Yesterday 1.8392 1.8481 In the last week 1.8100 1.8481 In the 3 months 1.7683 1.8481 The British Pound (GBP) has been falling against most major currencies including the Australian Dollar (AUD) since the middle of the year. This is because the chances of a ‘hard Brexit’ increased. If the UK, economy suffers from […]