The Australian Dollar rose and RBA rate cut expectations retreated following the release of labour market data.
The Australian Dollar's selloff accelerated in midweek trade amidst talk of Chinese Yuan devaluation and more 'dovish' commentary from the Reserve Bank of Australia (RBA).
The Australian Dollar dropped in value after the wind changed direction at the Reserve Bank of Australia (RBA). Chinese stimulus promises are limiting downside.
There has been a definite pick- up in upside momentum in GBP/AUD of late. However, a pullback is likely during the next couple of days, with the focus turning to the RBA decision.