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    Thread: The Pound vs Australian dollar


    1. #131

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      Hi all - weekly GBP/AUD review below, thanks

      It was a much better week for the Australian dollar.

      Although it was not quite top dog it was up there with the leaders, strengthening by a cent and a half against the US dollar and by two against sterling.

      It was the improved Australian ecostats that did the trick: the figures for new home sales, manufacturing, building permits, retail sales, the trade surplus and economic growth were all better than expected.

    2. #132

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      Latest Australian dollar review is below, thanks.

      The Australian dollar had a reasonably good week. Although it could not keep pace with the currency leaders - the Japanese yen and the NZ dollar - it took quarter of a cent off the US dollar and strengthened by a cent and a half against sterling.

      The Aussie's upward progress was part of a wider effort by investors to ignore the precarious east-west dispute about Crimea. It also received a helping hand from some of the Australian ecostats. Consumer confidence did it no favours, falling for a third successive month, but the volatile employment change number did. The number of people in work there went up by more than 47k, nearly three times as many as forecast. The rise was accompanied by a 33k swing from part-time to full-time employment.

      Whether they were impressed or simply relieved, investors responded by buying the Aussie.

    3. #133

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      The Australian dollar has been stronger in recent weeks against the pound.

      The Aussie has been helped by easing tensions between the West and Russia – also, minutes released by Reserve Bank of Australia’s (RBA) also supported the dollar. The RBA reiterated its stance that the cash rate will stay at its current level of 2.5 per cent.

    4. #134

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      Weekly Australian dollar update is below – thanks.

      The Aussie walked away with the prize for most-improved currency after it added two thirds of a US cent and two and a half cents against sterling as well as strengthening against the rest of the field. There was precious little among the few Australian ecostats to justify its advance.

      It was simply that investors felt more comfortable with the situation in Ukraine and so more inclined to hold "risky" commodity-related currencies.

    5. #135

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      Hi John, just wanted to say thanks for your posts and updates.
      I know you probably don't get a lot of replies but keep on posting as they are really useful and provide information on the general Auz economy, not just the dollar rate.

      I'm looking forward to a $2 : 1 so that I can look at exchanging a whole chunk of coins!

      Cheers
      Kobi

    6. #136

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      Yes, please keep them coming
      ------------
      Regards
      Tony
      www.worldofglasscraft.com

    7. #137

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      Thanks for the feedback.

    8. #138

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      The Australian dollar has been much stronger against the pound. It was boosted by comments from Australia Governor Glenn Stevens.

      Stevens talked about a prospective housing boom and a shift in economic emphasis away from mining and towards other industries - the Aussie strengthened by a cent against sterling.


      In addition, it was boosted by news from China, speculating they may accelerate stimulus measures to boost its economy. China is a key trading nation for Australia therefore any news from there can impact the exchange rate.


    9. #139

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      The Australian dollar is on a roll.

      For a second successive week it was the top performer, strengthening by three and a half euro cents, two US cents and by two and a half cents against sterling.

      Unusually, the Reserve Bank of Australia governor helped it on its way with a speech that emphasised a prospective housing boom and a shift in economic emphasis away from mining and towards other industries.


    10. #140

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      There has not been much currency related news of note over the weekend/today.

      Worth keeping an eye on the monthly Reserve Bank of Australia (RBA) Rate Statement on Tuesday morning – in this statement, the RBA announces its policy on interest rates.

     

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