- Analytics
- News and Tools
- Market News
- AUD: Under pressure – Commerzbank
AUD: Under pressure – Commerzbank
A word on the Australian dollar (AUD), which came under significant pressure this morning, losing about 0.7% against the US Dollar (USD), Commerzbank’s FX analyst Volkmar Baur notes
AUD might be effected by China
“This was probably due to the fact that inflation was slightly lower than expected. There had been speculation that the Reserve Bank of Australia would have to raise interest rates again because of the recent rise in inflation. These expectations have now been priced out.”
“However, the AUD's strong reaction also seems to have something to do with the ongoing economic weakness in China. More than two-thirds of all Australian exports are commodities – with China the biggest buyer. If the economy, and in particular the housing market, remains weak in China, it will have an effect Australian exports and thus the currency.”
© 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
