Market news
03.12.2019, 14:03

RBA holding back AUD – Westpac

Richard Franulovich, head of FX strategy at Westpac, suggests that while global markets seem to hang on every twist and turn in global trade developments they have if anything been decoupling lately.

  • “Global markets were tightly correlated between Aug-Oct 2019, trading mostly around the ebb and flow in US-China trade hostilities. But since then there has been a notable shift; at one end of the spectrum, US equity and credit markets forged ahead solidly while AUD and US fixed income yields have been “stuck” at much lower levels.
  • In AUD’s case, the RBA’s ongoing easing bias and a growing recognition that unconventional easing is a serious policy option for 2020 is likely a key factor holding it back. Commentators have noted that at least some of the RBA’s ongoing easing bias is motivated by a desire to cap AUD upside.”

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location