The Australian Dollar was softer after inflation undershot expectations and brought closer a Reserve Bank of Australia (RBA) interest rate cut.
The Pound to Australian Dollar exchange rate (GBPAUD) is recovering after finding support at 1.96, as we predicted.
The Australian Dollar is primed to benefit as the U.S. Dollar bull run runs out of steam.
The Australian Dollar could be at risk of decline when Donald Trump takes aim at Chinese imports, warn analysts.
Horizon Currency Ltd
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Global Currency Exchange Network Ltd T/A GC Partners. Global Currency Exchange Network Ltd is authorised by the FCA under the Payment Services Regulations, 2017 (FRN: 504346). Registered as a Money Services Business, regulated by HM Revenue & Customs ("HMRC") under the Money Laundering Regulations 2017. (Registration number is 12137189). Registered in England and Wales. Company number 04675786. Registered Office 3rd Floor 100 New Bond Street, London, England, W1S 1SP.
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