The Australian Dollar reached stability. Overview for 20.02.2018

After being quite volatile last week, AUDUSD reached stability this Tuesday.

On Tuesday morning, the Australian Dollar reached stability against the USD. The current quote for the instrument is 0.7917.

There hasn’t been much news this week and most of the traded currency pair are consolidating. In the morning, the Reserve Bank of Australia published its previous Meeting Minutes, which took place on February 6^th.

Both internal and external markets are estimated by the RBA as positive. Among internal risks, the regulator once again mentioned low household spending, just as it did before. Studies suggests that the country’s population still don’t believe that the labor market did reach stability and, as a result, are reluctant to spend above their means.

The regulator’s expectations of the GDP this year are 3%, the Consumer Price Index – a bit higher than 2%. However, when it comes to the inflation, the RBA has doubts: salaries are growing, but very slowly, that’s why the inflation growth directly depends on employers’ intentions to revise their employees’ income.

The real estate market is quite unstable. For example, in the places where it improved earlier, such as Sydney, not it is getting worse.

RoboForex Analytical Department