Australian dollar trading has surged following the unwinding of popular carry trades over recent sessions, making the antipodean currency the fifth most traded on the interbank market, according to Goldman Sachs data.
The Pound to Australian dollar exchange rate has leapt to post-pandemic highs in recent trade and the author’s model suggests it’s likely to remain buoyant above the nearby 1.96 handle over the coming days.
Australian Dollar: GBP/AUD Hits Fresh Highs After Core Inflation Slowdown Casts Doubt on Another RBA Hike
- Category: AUD
The Australian Dollar is lower against its major peers after Australia's quarterly inflation figures eased pressure on the Reserve Bank of Australia (RBA) to raise interest rates again.
The Pound to Australian Dollar exchange rate can undergo a decent pullback in the coming days as it corrects from heavily overbought conditions.