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Expert's opinion from FXFinPro

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

 

Friday, 06 May, 2016 / 12:02

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