AUD

The Australian Dollar bounces but remains under pressure

In short The Australian dollar opens higher but lost ground last week The AUD/USD remains below 68 cents RBA governor to speak this week Time Open Low High Today 0.6774 Yesterday 0.6767 0.6779 In the last week 0.6765 0.6868 In the 3 months 0.6710 0.7044 The Australian dollar didn’t move a great deal on Monday. Why? Well for most of our day, Europe and the US is still asleep from the weekend. So unless there is a big local event in Australia, New Zealand or Asia, there can be little movement in the Australian Dollar (AUD). When Europe and the […]

Buy NZ Dollars (NZD) Money Cash, AUDNZD forecasts

Where will the AUDNZD rate go for the rest of 2019?

Possibly. The top banks in Australia and New Zealand have a pessimistic outlook for both the Aussie (AUD) and the Kiwi (NZD) near-term. With both currencies falling further and faster than expectations, top banks have lowered their AUDUSD outlook and NZD forecast. The question is, which currency will be weaker relative to the other? Recently, the AUDNZD bounced, which suggests the Aussie currency is performing slightly better than its Kiwi counterpart. The top banks expect the AUD to NZD exchange rate to rise, because the New Zealand dollar will remain weak compared to the Australian dollar. Check today’s AUDNZD Forex […]

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 […]

Aussie Dollar finishes the week lower

In short The Federal Reserve cuts interest rates in the US The AUD/USD loses some ground but stays above 68 cents The AUD/GBP also continues to fall to a 4 week low Time Open Low High Today 0.6795 Yesterday 0.6789 0.6809 In the last week 0.6790 0.6880 In the 3 months 0.6734 0.7044 After spending 2 weeks with little to no movement, the Australian dollar fell this week below 68 cents. It was largely driven by the Wednesday night statement from the US Federal Reserve that reminded everyone that the US economy is still in pretty good shape. Since then, […]

Will the AUDJPY rate go up by the end of 2019?

Not likely. Since March, the Japanese Yen (JPY) moved higher, but the Australian dollar (AUD) plunged. The result short-term, has been a AUD JPY exchange rate that dropped to 10-year lows. With investors worried about US and China trade wars, most of the investment is flowing to the Japanese Yen. This is because the Japanese Yen is considered a “safe” investment, while the Australian Dollar is considered a relatively “high risk” asset. Bank experts find this interplay between the Australian dollar and Japanese Yen interesting, because it shows how worried or happy investors are about the state of the global […]

Buy UK pounds

Will the AUDGBP rate fall by the end of 2019?

Potentially. This year the AUD GBP exchange rate is influenced by the looming exit of Britain from the Eurozone (or Brexit). In fact, the Pound Sterling (GBP) has been on a roller coaster ride ever since “Brexit” was voted for and announced in June 2016. The GBP saw massive falls in 2016, only to gradually rise in 2017 and 2018. The Aussie dollar is also falling this year, but not as drastically as the British Pound. With both the AUD and GBP dropping, the AUDGBP exchange rate has wobbled anywhere between 0.5300 and 0.5800 since the beginning of the year. […]