The AUD has not yet decided on the trend
16.06.2015
On Tuesday, the AUD/USD is trading with a slight decrease, but the medium-term trading range has not formed yet.
The Australian dollar is as if, at a crossroads. On the one hand, all the external background looks more or less positive. On the other, there are Chinese unpleasant news and comments of the Reserve Bank of Australia, which put pressure on the Aussie.
Today, the RBA noted that the economy needs a depreciation of the Australian dollar. "It is likely and necessary," – the comments sound that way. The regulator is not for the first time drawing the attention of economists and investors to the position of the AUD. According to the RBA, it would have been easier to restart a number of processes in the economy with a weak currency. In particular, this would reduce the risks for exporters.
The RBA said that the labour market in Australia is storing unused resources, the most densely populated - in Melbourne and Sydney. Inflation will remain low-key and these are the domestic economic realities, but this has not been a secret for a long time. The regulator believes that the question of the adequacy of the interest rate will become clear over time: its ideal value will be revealed by the real sector.
According to the Australian Central Bank, the US Federal Reserve will increase its interest rate by the end of 2015. The issue with the US rate worries without exception, and the effect is difficult to overestimate.
Despite the relatively low-key tone of the comments of the Australian regulator, the economic situation looks stable. The RBA has always played a proactive role, and this scheme seems to always be effective.
RoboForex Analytical Department
The Australian dollar is as if, at a crossroads. On the one hand, all the external background looks more or less positive. On the other, there are Chinese unpleasant news and comments of the Reserve Bank of Australia, which put pressure on the Aussie.
Today, the RBA noted that the economy needs a depreciation of the Australian dollar. "It is likely and necessary," – the comments sound that way. The regulator is not for the first time drawing the attention of economists and investors to the position of the AUD. According to the RBA, it would have been easier to restart a number of processes in the economy with a weak currency. In particular, this would reduce the risks for exporters.
The RBA said that the labour market in Australia is storing unused resources, the most densely populated - in Melbourne and Sydney. Inflation will remain low-key and these are the domestic economic realities, but this has not been a secret for a long time. The regulator believes that the question of the adequacy of the interest rate will become clear over time: its ideal value will be revealed by the real sector.
According to the Australian Central Bank, the US Federal Reserve will increase its interest rate by the end of 2015. The issue with the US rate worries without exception, and the effect is difficult to overestimate.
Despite the relatively low-key tone of the comments of the Australian regulator, the economic situation looks stable. The RBA has always played a proactive role, and this scheme seems to always be effective.
RoboForex Analytical Department
Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.