- Analytics
- News and Tools
- Market News
- AUD/USD is likely to remain below the 0.70 level – Commerzbank
AUD/USD is likely to remain below the 0.70 level – Commerzbank
Economists at Commerzbank analyze AUD outlook after the minutes from the Reserve Bank of Australia’s latest meeting.
Monetary policy is unlikely to provide much positive impetus for the AUD
Another rate hike is not off the table, but the RBA is also likely to have reached the end of its hiking cycle soon.
Incidentally, August will be the last meeting under Acting Governor Philip Lowe. He will be replaced by board member Michele Bullock. However, this is unlikely to bring about too much change in monetary policy. As a result, monetary policy is unlikely to provide much positive impetus for the AUD and therefore AUD/USD is likely to remain below the 0.70 level.
© 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
