Although sterling was held back by a generally small amount of domestic data, the British pound to Australian dollar exchange rate nonetheless managed to jump on account of the results seen in EU Referendum polls.
The Australian Dollar looks set for another volatile week following the latest fireworks on the back of soft first-quarter CPI figures as another round of high-profile event risk comes across the wires.
Although we have seen the AUD to USD exchange rate attempt to trade back above the 0.72 threshold, CIBC's Jeremy Stretch says he would not expect the AUD downtrend to be breached unless we close above the 200-day SMA, currently 0.7255. “With iron ...
The spirits that lifted the Australian dollar over US78� have all but disappeared, and the currency lies vulnerable to a stronger US dollar on rising expectations that the US Federal Reserve will lift interest rates next month.