Send Payments Weekly Trading Update 6th January 2025

In The News🌏 – Market Conditions and what to look out for this week 🗓️

AUD/GBP Exchange Rate

• AUD/GBP dropped to multi-year lows over the Christmas period, dropping into the low 0.49's before regaining the 0.5000 level on Thursday.

• Throughout December, the rate dropped to 5.1%, starting at 0.5200 and ending the month at 0.4930.

• The AUD has dropped rapidly against various currencies due to potential rate cuts in Australia and a broad risk-based sell-off in the currency. 

Send Payments Market Update 28th October 2024 PLUS Competition.

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Send weekly trading update—21st October 2024

In The News Today! 🌏 – Market Conditions and What to Look out for this Week 🗓️

RBA and Global Rate Cuts:

• The RBA is expected to hold rates until May next year after strong domestic employment data slashed the chances of a rate cut this year.

• Rate cuts from other central banks, such as the Fed in America and the RBNZ, are pressuring discussions on potential easing elsewhere.

Send Payments weekly trading update.

In The News 🌏 Market Conditions and what to look out for this week 🗓️

AUD

• The Australian Dollar (AUD) is expected to strengthen against the Euro, Pound, and U.S. Dollar through 2025, according to Westpac, a major Australian lender.

• Westpac predicts the AUD will rise due to improving global sentiment and the Reserve Bank of Australia (RBA) maintaining a firm stance on inflation.

• Luci Ellis, Chief Economist at Westpac Group, believes that the RBA will not cut the cash rate until inflation is sustainably within the 2–3% target range.

• Australia's Consumer Inflation Expectations eased to 4.4% in September, slightly down from the four-month high of 4.5% in August.

Send Payments Weekly trading update, 2nd September 2024.

Australian Dollar Outlook

• The Australian dollar is expected to advance further with support from the RBA, but the process remains slow due to constraints from China.

• Sydney-based analyst Oliver Levingston notes that interest rate differentials between Australia and other regions are set to remain "an especially important tailwind for the AUD and the main reason AUD is likely to move higher against G10 FX crosses by year-end."

• "G10 crosses" refers to non-USD Australian Dollar exchange rates, such as the Pound to Australian Dollar and Euro to Australian Dollar pairs.

Send Payments International Currency Update 26th August 2024

In the news! 🌏 – Market conditions and what to look out for this week 🗓️

AUD/USD 

• Fed Chair Jerome Powell said the "time has come" for interest rate cuts.

• The US Dollar (USD) will likely remain under pressure after US Federal Reserve Chairman Jerome Powell’s dovish Jackson Hole speech. 

• The US Durable Goods Orders for July are due later on Monday.

The latest Send Payments International Currency Market Update provides an in-depth exploration of the movements seen in major currencies, including the USD, GBP, CNY, NZD, and JPY. It examines the key events that have significantly impacted the values of each of these currencies. Additionally, the report highlights what to watch in the media and financial sectors throughout this week, ensuring that readers stay informed about potential market shifts and developments.

Send Payments Weekly Trading Update. In The News 🌏 Market Conditions and What to look out for this Week 🗓️

AUD: Under Pressure – Commerzbank

• The Australian Dollar (AUD) is under significant pressure, losing about 0.7% against the US Dollar (USD), according to Commerzbank’s FX analyst Volkmar Baur.

• The AUD was affected by lower-than-expected inflation, which has reduced expectations for further rate hikes by the Reserve Bank of Australia (RBA). The RBA are due to announce Australia’s interest rate on Tuesday at 2:30pm, there is no expected change.

• The AUD's strong reaction also seems tied to ongoing economic weakness in China, Australia’s largest trading partner. Weakness in China, especially in the housing market, could impact Australian exports and thus the currency.

Send Payments Currency Market Update - International Currency Market Conditions and What to look out for this Week 🗓️

AUD Performance

- The Australian Dollar (AUD) became the worst-performing G10 currency on a 1-day view in broad risk-off market sentiment, according to Rabobank’s FX analyst Jane Foley.

- Despite the risk that the RBA could hike interest rates at its August 6 policy meeting, the AUD’s poor performance reflected potential headwinds from continued weakness in the Chinese economy.

In The News 🌏 – Market Conditions and what to look out for this week 🗓️.

AUD/USD

• US President Joe Biden's exit from the presidential race increased the odds for former President Donald Trump and boosted investors' appetite for riskier assets.

• Experts argued that Biden’s decision would increase market volatility, though the market reaction has been limited so far.

• Peter Earle, senior economist at the American Institute for Economic Research, stated that investors may seek a safe haven until they can assess Biden’s replacement policies.

• Dovish Fed expectations prompted fresh US Dollar selling.

• Pairs where AUD is the weaker currency, such as EURAUD and GBPAUD, are now in focus.

Send Currency Update 15th July 2024
In The News! 🌏

Market Conditions and What to look out for this week 🗓️

• AUD Outlook and Market Performance

• Rabobank is predicting continued outperformance for the Australian Dollar (AUD).

• Rabobank anticipates the RBA raising interest rates twice in 2024, in August and November, to combat persistent domestic inflation.

• Jane Foley, Senior FX Strategist at Rabobank, stated, "Most recent Australian economic data have cemented our expectations for further rate hikes this cycle."

In The News Today! 🌏

– Market Conditions and what to look out for this week 🗓️

Australian Dollar Performance:

The Australian Dollar (AUD) gained ground due to risk-on sentiment following softer UoM 5-year Inflation Expectations reported on Friday.

Australian equities rose above 7,770, buoyed by gains on Wall Street.

The AUD extends its gains against the US Dollar (USD) for the second consecutive session on Monday, driven by improved market risk appetite despite diminishing expectations for Federal Reserve interest rate cuts.

Send Currency Update Published on May 6th 2024

In The News 🌏 Market Conditions and What to look out for this week 🗓️

Speculation on RBA Rate Hike:

Capital Economics is forecasting a 25 basis points rate hike, citing stickier and stronger inflation than expected by the Reserve Bank of Australia (RBA).

The RBA has historically increased interest rates when the trimmed mean quarterly inflation has been at least 1 percent, which was the case in the March quarter.

In The News Today! 🌏

– Market Conditions and what to look out for this week 🗓️

EUR/USD is trading below 1.0850 in Asian trading on Monday. The pair's downbeat tone is supported by further US Dollar demand amid rising geopolitical tension in the Middle East. Investors will be watching these developments closely prior to a busy end of the week.

Send Payments AUD Currency Update 11th December 2023

Send Payments -In The News Today - Update on AUD/USD Pair – Market Analysis

AUD/USD rates hit 4-month highs last Monday prior to the RBA interest rate. The increase was mainly due to an increase in gold pricing and risk-on market sentiment, though this was short-lived after the RBA announced interest rates would hold at

Send Payments 4th December AUD Currency Update.

Gold is breaking an all-time high -

Why is this good for the Aussie Dollar?

We wanted to share a notable development in the financial landscape – the Australian dollar gold price hit an all-time record high this week, briefly reaching $3,130 AUD per ounce on Friday morning.

Send Currency Market Update 4th September 2023.

Last week saw some strength return to the AUD as the greenback lost some steam due to weak data and a possible rate halt. Positive signs from China also helped the Aussie recover some ground, but how long will this last? Moreover, August has ended, and the seasonal analysis of September tells us that the AUD tends to weaken towards the latter half of this month. This is something to take note of before making your trades.  

Let`s dive in for more details.

The AUD has faced downward pressure against different currencies, impacted by factors such as safe-haven demand, economic data, risk aversion, and monetary policy outlook. This situation is not likely to improve anytime soon, which means that AUD is likely to remain weak for the time being.

Currency Market Update 7th August 2023

Last week, the Australian dollar faced challenges against major currency pairs. The AUD/USD lost 2.11% due to a strong US dollar and positive economic data. The AUD/EUR declined 2.32% as the European Central Bank signaled a potential policy pause

The AUD-USD cross has been pressured by the U.S. debt ceiling deadlock, risk aversion, and a resilient U.S. economy supporting the dollar. The AUD-GBP pair also saw the Australian dollar depreciating due to its risk-sensitive nature and higher Bank of England rates supporting the pound. Lastly, the AUD-NZD cross experienced an upward shift for the AUD after the Reserve Bank of New Zealand's dovish rate hike announcement.