The AUD/USD pair is growing on Thursday afternoon, but the demand is still less than the amount of yesterday’s sales.
On Thursday, the Australian Dollar is rising against the USD. The current quote for the instrument is 0.7713.
The amount of yesterday’s sales was quite significant. Well, it’s rather clear why: Americans chose Donald Trump as their 45th
president, and his policy concerning China, Australia’s global trade and economic partner, is extremely protectionist. This implies possible complications for economic relations of China, and, consequently, financial decline for Australia as well.
The Australian statistics was complicated. The Consumer Inflation Expectations in November were 3.2%, which is less than the previous number of 3.7%. It appears that in the next 12 months the country’s population expects the CPI to be less than official numbers. The weaker the statistics, the higher the probability of structural problems in the economy. And vice versa, the higher the reading, the stronger the economy and higher the probability of the rate increase by the RBA.
September report of Loans in Australia indicated the growth of 0.2% for private sector. For investment real estate assets, the indicator added 1.3%.
When it comes to the AUD/USD pair, investors pay little attention to the secondary statistics as they are more interested in how the relations between the USA and China will develop. Any complication may result in sales of the Aussie.
RoboForex Analytical Department
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