Credit Agricole believes the Australian dollar will remain underpinned by the perception that the RBA is likely to remain cautious.
The Pound to Australian dollar exchange rate (GBP/AUD) is at 2.0152 on Monday, having been as high as 2.0342 on Friday.
An impressive bounce by the pound to Australian dollar exchange rate (GBP/AUD) is already at its limits.
Australian Dollar Weighed by RBA
- Category: AUD
The Australian dollar is softer on global market weakness and Reserve Bank of Australia communications.
