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The RBA rate cut, smashed the AUD, and sent the cross rate with the GBP to below 0.4800. This is also a fall out of tight trading ranges and may signal a new range change. The UK trade agreement with the USA and the ‘reset agreement’ with the EU have lit up the GBP. The…
The RBA cut rates by 25 basis points to 3.85 % on Tuesday, in line with expectations. There were no surprises, but markets nevertheless smashed the AUD, taking it down below 0.6400. The cut in interest rates was welcomed by borrowers and will stimulate the economy, but there are serious problems surrounding future and current…
The Australian Dollar has steadily lost ground against the reserve currency. The lack of a trade agreement with the USA, will ensure further instability. The AUD surrendered 0.6400, by the end of the last trading week, but a weaker reserve to open the week has allowed a recovery. The RBA is likely to resume interest…
The stream of stronger than expected economic data, coming out from the UK, including the good news of EU/UK reset, and the all-important UK/US trade agreement. This has cut the legs out of the AUD/GBP cross rate. The cross rate has slumped to 0.4800, with more downward pressure likely. The lack of a trade agreement…
Confidence has returned to global markets, following big trade deals, with the UK and China. This also set alight the US Dollar, pushing the AUD back below 0.6400, although the currency has shown some resilience. Australia is battling hard for a trade agreement with the USA, operating largely under the radar, suffering only the minimum…
The UK/US Trade Agreement and the stronger than expected UK economic data this week, has seen a shift in the cross rate, due to the strength of the Pound. The cross-rate has fallen to recent lows, trading back towards 0.4800, and looking to have downside weakness. The lack of a trade agreement between Australia and…
Trade dependent commodity currencies were enhanced by announcements of trade agreements between the US, UK and China. The Chinese deal signals a complete change in global trade and heralds a victory for the Trump administration. The new regime will only encourage demand for commodities and boost the associated currencies. The only proviso is the lack…
The announcement of a trade agreement between the UK and the USA, was a boost to both the GBP and to commodity currencies, allowing the cross rate to hold steady around 0.4850. The progress made between the US and China on trade negotiations will be a massive boost to global markets and confidence. Current Level:…
The Australian Dollar (AUD) hasn’t escaped yesterday’s market swings in the aftermath of Trump’s “liberation day” speech, the currency moving from 0.6280 to 0.6225 and through to 0.6390 against the US Dollar (USD) late last night. NY session woes have seen US Equities take huge hits- the Nasdaq down around 6.0% shifted the cross back…
The Australian Dollar (AUD) has struggled against the US Dollar (USD) since Wednesday’s CPI y/y read. Yearly inflation printed at 2.4% vs 2.5% expected in February sending the AUD to 0.6280 at the close. Markets are anticipating the RBA to keep interest rates on hold later today at 4.10% following a 25-point cut in February….