The Australian Dollar lost over 0.80% versus the US Dollar after the release of inflation data showed price growth undershot analyst’s expectations in Q1.
Markets surprised by lack of reaction to minutes but then Aussie falls following softening in iron ore prices
A report from the Australian government has given a negative forecats for iron ore - but is the report really that negative about Australian trade in general, and what are the implications for the exchange rate?
The Australian Dollar is likely to weaken over the medium term because of the twin effects of a fall in Chinese demand for Australian commodities and slowing wage growth.
Iron Ore traders were the most pessimistic group in a recent survey of commodity practitioners by international commodity and financial services conglomerate Macquarie.
Labour market uncertainty, stubbornly low wages and volatility in commodity prices are expected to keep the Australian Dollar under pressure until the end of 2018 say analysts at Aussie lender Westpac.
Positive economic data, showing a still-buoyant housing market has sparked a recovery on AUD/USD after it reached support from a cluster of moving averages in the 0.75s.
Morgan Stanley (MS) have provided their view of G10 currencies at the current juncture.
The Reserve Bank of Australia shifted down a gear from upbeat to mostly neutral in the accompanying statement to their March policy meeting.
The Australian Dollar is selling off rather heavily versus the US Dollar, which is causing some concern inside FX circles.
The Aussie Dollar is the strongest currency in the G10 having risen an average of 6.7% versus its counterparts in 2017.
The Reserve Bank of Australia (RBA) and its governor Philip Lowe have been accused of being overoptimistic in recent commentary, but today’s better-than-expected Chinese data and the bullish AUD/USD chart suggest otherwise.
A Trump trade war with China as well as a tightening of Chinese credit could be the twin catalysts for a decline of the Australian Dollar, say forecasters at Morgan Stanley.
The Aussie is likely to come under increased pressure as ‘Carry’ considerations eclipse all other factors in the currency’s valuation, says HSBC’s David Bloom.
The Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts at HiFXThe Australian Dollar Could Witness a New Heyday From a Mini-Boom in Commodities, say Analysts at HiFX
The Australian Dollar (AUD) is likely to see strength fade argue analysts at Citi.
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