Cookies help us deliver our services. By using our services, you agree to our use of cookies.
Learn more Got it
Dakar 2017
Roboforex is an official sponsor
of "Starikovich-Heskes Team"
at the Dakar 2017
Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Australian dollar gaining weight. Review on March 1, 2016
Ask a question
Did not find the information you need? Ask your questions and get answers online!
Enter chat
Or enter your phone number in the form below and we will call you right away.
Call back




The Australian dollar gaining weight. Review on March 1, 2016

01.03.2016
On Tuesday afternoon, the AUD / USD pair is being trading in positive with the normal background.

The Australian dollar strengthened slightly against US dollar in the first trading day of spring. The current quote in the pair AUD / USD is 0.7148. The tool is now among the medium-term trading congestion.

This morning, the meeting of the Reserve Bank of Australia has been passed. Usually, the Central Bank of Australia begins a series of meetings of regulators, but the strategy of RBA remains fairly balanced and cautious. The refinancing rate is unchanged - 2% per annum, it is kept unchanged the ninth time in a row.

RBA policy is also remained unchanged and known to the market. The interest rate is left unchanged, but the regulator is ready to respond if the external background will worsen and create conditions for the revision of the indicator of the slide. Usually, regarding that issue the Australian Central Bank is working proactively, but now, speedwork is not required.

However, it is not only in the external background. A row of macroeconomic indicators shows the probability of a slowdown in economic growth in Australia in the coming quarter. If so, that forced braking will force the RBA to lower the rate sooner or later.

Reducing the refinancing rate would facilitate the reduce of the Australian dollar rate, which now looks good in comparison with other currencies, but in their own context could be less expensive. For Australian exporters would be more comfortable to work with. RBA have repeatedly pointed out that the Aussie is too overbought and should be lower.

Dear reader!

Without authorization, you can view no more than two reviews per day and no more than 10 per month. To continue reading analytical reviews, register or login to your Members Area.

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.