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 continues its recovery. Overview for 14.10.2016
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 continues its recovery. Overview for 14.10.2016

14.10.2016
The AUD/USD pair is growing on Friday and trying to eliminate its fiasco in the middle of the week.

On Friday afternoon, the Australian Dollar is moving to the upside in the pair with the USD. The current quote for the instrument is 0.7622.

As a matter of fact, no Australian statistics was published, but today’s macroeconomic calendar featured some reports from China. The Aussie usually reacts to this data, because China is Australia’s main trade economic partner.

The PPI in China in September added 0.1% y/y, and it’s the first time the indicator increased over the last five years. Before that, the number had been falling for 54 consecutive months without any pauses. This is why the Australian and Chinese currencies and assets received such significant support.

Other report from China, the CPI added 1.9% y/y last month after increasing by 1.3% y/y in August. This data was also received very well. In general, today’s reports were able to eliminate come pressure caused by the Chinese statistics regarding the country’s balance of trade published the day before. The report said that in September the surplus reduced up to 41.99 billion USD after the number of 52.05 billion USD in August.

Next week, China will publish several more statistical reports, including the GDP over the third quarter. So far, forecast are rather conservative and predict the increase of 6/7% y/y. Any deviation from these expectations will surely influence currencies and assets.
 
RoboForex Analytical Department

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.