• Add
    Company

Expert's opinion from FXFinPro

FXFINPRO CAPITAL

The fall of the Australian dollar has continued

The price of the Australian dollar continued to decline due to lower forecasts for inflation this year to 1-2% vs. expected 2-3% of previous estimates. In addition, the recent reduction of the key interest rate of the Reserve Bank of Australia by 0.25% to 1.75%, as well as the resumption of the negative dynamics of oil prices will have a negative impact on the dynamics of the Australian currency. Over the weekend, will be released a report on China's trade balance, which traditionally has a strong influence on the Australian currency. We expect a decline in the medium term and in the near future with the objectives to 0.7400 and 0.7240.

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

Disclaimer
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}