themselves have cooled but the initial fears that saw the Aussie massively sold off, have subsided. 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. Global Issues remain, i expect the Trade Wars will continue to provide concern, it seems more likely than not that Donald Trump will trigger some kind of concern on global financial markets which would weaken the Australian dollar. I think the threat of a new world order of more protectionism will see the Australian dollar weaker in the future, particularly as that uncertainty will keep the RBA on hold or possibly looking to cut.
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The indicator provides insights into the flows of funds in and out of the economy. Another factor to drive the Australian dollar is the outlook on the Trade Wars which have seen the Australian dollar rising according to the viewpoint on how it will influence the Chinese economy. Dollar/CAD had a choppy week amid falling oil prices and the US Mid-Terms. For clients with a position selling Australian dollars for pounds, I feel gearing up to capitalise on the recent spike is sensible. All times are GMT, dollar/CAD wobbled and hugged the.3115 level (mentioned last week ). With all thats going on in the UK politically at the moment I there can always be a news release that swings GBP exchange rates, and if you wish to be updated if there are any big moves its certainly worth registering your interest with. 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. 1.3295 held the pair down in mid-July. If not owing to economic concerns abroad, it might be political concerns domestically in the US which drive the Aussie. The upbeat message from the Fed may not be enough to push the greenback higher. Another increase in inventories and production in the US can push the price of the black gold lower.
What happens in the US in these coming weeks and months is likely to have a big impact on the Australian dollar.
The US dollar has continued to strengthen against the pound, causing GBP/USD exchange rates to hit their lowest level to buy US dollars with pounds since June 2017.
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