- Analytics
- News and Tools
- Market News
- AUD/USD: RBA easing to cap the aussie - CIBC
AUD/USD: RBA easing to cap the aussie - CIBC
FXStreet reports that analysts at CIBC expect the aussie to underperformance as the Reserve Bank of Australia (RBA) has reinforced its dovish policy stance. They see the AUD/USD pair moving to the downside over the next months, reaching 0.69 during the fourth quarter.
“RBA Governor Lowe and other members of the central bank have gone to lengths to prepare the market for easing at the next meeting. When the RBA meets on November 3, we expect a combination of measures to be announced. We see the cash rate target being cut from the current 25bps to 10bps and the YCC target on 3- year bonds to be reduced to the same 10bps. The rate on the term funding facility (TFF) will also likely be cut to 10bps.”
“Amongst challenges for the AUD, a deterioration in trade with China is concerning. Chinese economic activity, including trade, has rebounded strongly, but trade with Australia has not. Chinese imports in September from all countries expanded by 13.2% YoY, while imports from Australia fell 9.5% YoY and are 7.4% lower YTD YoY.”
© 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.
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.
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
