Australian Dollar | Latest Australian Dollar Exchange Rate News
British pound registers welcome gains vs Australian dollar and New Zealand dollar; Uncertain weekend provides support
- Details
- Category: Australian Dollar
- Published on Friday, 10 February 2012 11:27
- Written by Rob Samson
The pound to Australian dollar exchange rate is 0.96% higher at 1.4799, the pound to New Zealand dollar exchange rate is 0.68% higher at 1.9092.
The Australian dollar is weakening off as the Reserve Bank of Australia stresses room for further interest rate cuts.
Advertisement - Article Continues Below
"Last night’s Reserve Bank of Australia monetary policy statement did the aussie dollar no favours. The central bank reminded the market it is willing to cut its 4.25% interest rate and has also lowered its forecast for Australian growth in 2012 from 4.0% to 3.5%, whilst downgrading its inflation outlook (all signs which point towards rate cuts)," say foreign exchange specialists Caxton Fx in a note to clients.
Accordingly, sterling has recouped its losses against the Australian dollar this week to trade at 1.48 and we may see a slightly higher climb.
Meanwhile, tisk-off trading has seen the pound spike back above the 1.90 level against the New Zealand dollar, despite some strong Chinese trade balance data.
Chinese trade balance data was impressive last night, showing the largest surplus in six months. This news would normally fuel demand for aussie and kiwi dollars but nervousness around Greece outweighed this.
Sterling is trading close to 1.91 this morning and could well build on these gains as investors target safer assets moving into an uncertain weekend (Greek parliament voting).
 |
 |
Spread The Word
Australian Dollar Latest
- Exchange rate forecasters say a return to strength for the Australian dollar is unlikely until at least June
- Australian dollar looks vulnerable in afternoon session while Currency analysts at ANZ reiterate their call for a cut in the RBA cash rate this June
- Australian dollar dips below parity on a poor morning for markets as forecasters adjust AUD outlook accordingly
- Exchange rate forecasts: Pound is 'extremely overbought' against the Australian dollar, expect a pullback say BofA
- British pound remains in an uptrend vs Australian dollar; employment data not worth trumpeting about says one analyst
- Australian dollar boosted vs sterling, US dollar and other currencies as prospect of further RBA rate cuts slim
- Foreign exchange volatility rises: Australian dollar nears parity with US dollar while sterling breaks above 1.6
Advertisement- UKForex
 |
Our Publications
Advertisement
Transferring Money to or from Australia
Foreign exchange specialists Tor FX are here to assist you with your money transfer requirements to, or from, Australia.
Ask for your quote today.
As a secure FSA regulated payment provider they have access to over 40 currency accounts and can provide same day transfers.
Latest on The Economy News
- Heavily oversold, but euro dollar exchange rate base fails to convince warns UniCredit
- Exchange rate forecasters say a return to strength for the Australian dollar is unlikely until at least June
- Euro exchange rate today: EUR holds ground despite the likelihood of a harrowing showdown over Greece's spending commitments
- FTSE 100: Aviva plc, National Grid in focus while investors start to fret over Spain and their spiking bond yields
- Looking weak: Pound to euro and pound to dollar are poorly, but one analyst says this is only temporary
- British Pound Sterling: UK currency still struggling as BoE hangover persists, meanwhile outlook for EUR remains precarious
- RBS: Bias for pound sterling to outperform euro remains, despite signs risk-off run has gone too far
- Pound to euro, pound to dollar: Key currency pairs head lower as Bank of England inflation report points to possibility of further QE
- Pound sterling fails to take heart from consensus-beating unemployment data; UK currency down vs EUR, USD and AUD
- Euro rate today: Greek exit concerns epitomised by G4S as security firm suggests return of Drachma will be a money-spinner
Exchange Rate Forecasts
Subscribe
Email Marketing Software You Can Trust
