of concern on global financial markets which would weaken the Australian dollar. Following days of limp movement on risk-aversion, the Australian Dollar could see stronger demand on Thursday if Februarys Australian job market results beat expectations. Now, the down trend from.1079 is in favor to extend. Gbpaud levels have fallen below.80 on the news, could the RBA be preparing to raise interest rates? Thank you for reading and please contact me to discuss further. The employment rate also hit a joint record high,.3. If the BoE indicates that a May interest rate hike is on the table, it will likely leave the Pound stronger by the end of the week. On the downside, break.7084 will resume the fall from.8135 for key weather forecast windsor ontario 15 days support level.6826. Firm break.6826 will target.6008 key support next (2008 low). AUD/USD edged lower.7084 last week but formed a short term bottom there and rebounded.
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The Aussie is a risk-on currency.
The Australian Dollar had a fixed exchange rate until 1983 when the Australian Labor government floated the currency.
AUD /USD Live Exchange Rate chart, News and Forecasts.
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It has risen overnight following the commentary that saw them raise their Inflation and Growth forecasts. Mix into this the uncertainty on Brexit (who can accurately predict the outcome there either?) and we have a plethora of events to move gbpaud rates. Australias unemployment rate is currently forecast to remain.5, with the employment change figure expected to improve just slightly from 16k to 20k. Whilst the pound has been notably buoyant across most currencies, rising to some of the best rates all year or certainly multi-week or month highs, the pound to Australian dollar rate has not performed so well. Local data and news has not been particularly supportive for Australian Dollar trade either. Risk Disclaimer - By using this web site you agree to its terms and conditions. The unauthorized use of any and all materials is prohibited and restricted by copyright law. Another rise could be seen as the correction from.7084 extends. Tuesdays Australian house price index report was mixed, but Westpacs February leading index improved from -0.2.3 according to Wednesdays report. Pound (GBP) Exchange Rates Boosted by Solid UK Job Market Results. Investors were also pleased with Britains latest wage growth results, which met expectations and rose.6 in the print excluding bonuses.
Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. There is prospect of resuming long term down trend from.1079 (2011 high). This week, Sterling (GBP) has been boosted. Information is in no way guaranteed.