Trading news

Expert's opinion from FXFinPro

The Australian dollar is lower after the RBA decision

Today the Reserve Bank of Australia decided to reduce the key interest rate by 0.25% to 1.75%. Among the reasons that has led to this step are an unexpected decline in consumer price index in Australia by -0.2% for the first quarter of this year, as well as the negative impact of the strengthening of the Australian currency on the country's economic growth. In addition, in the Reserve Bank of Australia are concerned about the ambiguity of the situation on the labor market of the country, as well as the slowdown in the world economy. We forecast the Australian dollar price decrease in the near future to 0.7400 and 0.7240, and an additional incentive for reducing will be the correction on the commodity markets.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Tuesday, 03 May, 2016 / 1:24

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news

 

USD/JPY Breaks Through Key Resistance To 7-Month Highs

Mystery virus poses a threat to the Chinese economy and the Phase One trade [...]

Posted on Wednesday, 22 Jan, 2020 / 12:35 under

Don’t fear the virus; BoC rate decision in sight

  BoC to stay on hold, but any hints of concern might elicit sharp [...]

Posted on Wednesday, 22 Jan, 2020 / 9:46 under

Pound Gains on Jobs Data, Awaits PMIs; BoC Decision in the Spotlight

Asian equities rebounded today after China’s National Health Commission [...]

Posted on Wednesday, 22 Jan, 2020 / 8:36 under