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 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.

AUD Currency Update over last 12 months V SGD, GBP, AED

AUD V SGD has fallen by -11% since April 2022 and has struggled to reach 0.94c over the past 6 months.

Typically the currency pairing has regularly enjoyed hovering around parity. However, the lows at the moment of 0.89c that we are currently experiencing are a far cry from the $1.05 we witnessed in August 2021.

Currency Update 9th August by Send Payments - Ian Cragg

THE EXPATRIATE International Currency Update by our Specialist Ian Cragg from Send Payments.

The AUD had a mixed week against major currencies. It started the week on a strong note with the RBA hiking rates by 50bps. However, market sentiment quickly shifted and the AUD fell after it was clear that the RBA was moving to a more dovish policy stance. This was compounded by a strong USD, which led to a flight to safety and away from risk currencies like the AUD.

Send Currency Update 21st June

The AUD had a roller coaster of a week against almost all major currencies. Risk sentiment kept the AUD pinned down in spite of overwhelmingly positive jobs data for May. With no light at the end of the tunnel, the investors are making a rush for safe-haven currencies.

The AUD struggled against all of the major currencies in the last week. The factors driving this downward trend include rising oil and commodity prices which seem to have put the investors into a risk-averse mode. There seems to be a rush for safe-haven currencies which is hitting the value of all risk-sensitive currencies like the AUD.

Currency Update 25th May - Send Payments

The US Dollar has been the main beneficiary of safe-haven flows this week as geopolitical tensions in Europe continue to escalate. The ongoing war in Ukraine and the resurgence of COVID-19 cases in China have made investors jittery, prompting them to seek refuge in the greenback.

Send Payments Currency Update

The US Dollar has been the main beneficiary of safe-haven flows this week as geopolitical tensions in Europe continue to escalate. The ongoing war in Ukraine and the resurgence of COVID-19 cases in China have made investors jittery, prompting them to seek refuge in the greenback.