- Analytics
- News and Tools
- Market News
- Exciting and likely volatile days ahead for the Aussie – Commerzbank
Exciting and likely volatile days ahead for the Aussie – Commerzbank
Australian inflation figures – but only for November – will be released on Wednesday, January 10 at 00:30 GMT. Economists at Commerzbank analyze Aussie’s outlook ahead of the Monthly Consumer Price Index report.
Any premature interpretation of the figures should be made with caution
If the economists surveyed by Bloomberg are correct, we should see another significant drop in the monthly indicator. It would increase the likelihood that the Q4 figures will finally fall below 5%. Such a decline would certainly be a good sign for the RBA. It would mean that the rate hikes are finally having an effect. It would also increase the likelihood that we have reached the peak of interest rates with the somewhat surprising hike in November.
If the labor market remains strong next week, as it has been recently, a soft landing for the Australian economy looks increasingly likely.
However, any premature interpretation of the figures should be made with caution. The monthly figures are generally difficult to forecast. As a result, we could very well be in for a surprise. The mere fact that another rate hike by the RBA cannot be completely ruled out, unlike by other G10 central banks, makes for exciting (and likely volatile) days ahead for the Aussie.
© 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
