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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