The Australian dollar (AUD) is set to end the month of February on the front-foot against the US dollar.
The Australian dollar (AUD) continues to trade with a heavy tone with the rate falling from 0.8176 against the US dollar at the start of 2015 to 0.7809 where we see it now.
The Aussie dollar has taken a fresh hit following the release of labour market data that came in far worse-than-expected.
The Aus dollar (AUD) is forecast to decline yet further by analysts at Australia’s Westpac bank.
Analysis presented by technical forecasters at TD Securities shows the UK’s pound sterling is due to make a fresh move higher against its Australian counterpart.
The Aus dollar has extended recent weakness as the government revises its year-end forecast for a wider cash deficit of AUD 40.4 billion from an early 29.8 billion due to weaker iron ore prices.
The Australian dollar exchange rate complex (AUD) is once of the biggest losers in global FX as we head into the closing sessions of early December.