Pound Australian Dollar Week Ahead Forecast: GBPAUD Drops Despite Weak AU Data
Pound Australian Dollar Week Ahead Forecast: GBPAUD Drops despite Weak AU Data
Source: exchangerates.org.uk
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Pound Australian Dollar Week Ahead Forecast: GBPAUD Drops despite Weak AU Data
The euro also hit over a one-year low against the greenback, dropping below January's 1.0482 nadir, as manufacturing surveys released in both Europe and the U.S. on Monday highlighted the divergence between the two economies.
The Dollar Index (DXY) continued its impressive run as risk-off sentiment, upbeat data and hawkish Fed minutes provided support. Will Jerome Powell inject further bullish momentum at Jackson Hole?