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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Australian dollar could not stay still
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The Australian dollar could not stay still

17.11.2015
The AUD/USD pair is trading lower on Tuesday morning, despite the RBA's neutral protocol context.

On Tuesday morning, the Australian dollar declines in tandem with the US dollar. The current quote in the AUD/USD is 0.7077. Immediately after the release of the "minutes" of the last meeting of the Reserve Bank of Australia, the AUD tried to rise, but the move was not successful.

The November meeting of the RBA was held at the beginning of the month. Then the regulator decided to keep the interest rate unchanged at 2% per annum. In the comments the RBA stressed at the time that a further easing of monetary conditions in Australia is not possible because of the inflation outlook.

The text of the protocol submitted to the meeting said that the regulator really does see signs of improvement in the Australian economy, the prospects have become more confident. Sustaining demand remains difficult, but the regulator is working closely on it. Attention should be paid and the parameters of the employment market - the unemployment rate of 6% at the beginning of November looks pretty high for the state.

By the current moment, it is already known that employment in October 2015 improved markedly, and the unemployment rate moved below the specified 6%. Most likely, these positive aspects will be reflected in the follow-up comments after the next RBA meeting.

At the moment, the Aussie is pressured by the advantage of the US dollar, which strengthened on all fronts.
 
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