Market news
29.01.2025, 10:15

AUD/USD is underperforming at the moment – BBH

Australia’s Q4 CPI was soft and all but locks-in an RBA rate cut at the next meeting February 18, BBH FX strategists report.

Sluggish Chinese economic activity to weigh on AUD/USD

“Headline CPI matched consensus at 2.5% y/y vs. 2.8% in Q3, reflecting large falls in electricity (-25.2%) and Automotive fuel (-7.9%). The more policy-relevant trimmed mean CPI inflation undershot expectations eased to a three-year low at 3.2% y/y (consensus: 3.3%, RBA projection: 3.4%) vs. 3.6% in Q3.”

“Markets moved to virtually fully price-in (vs. 80% yesterday) a 25bps RBA cut to 4.10% in February and a total of 85bps of easing over the next 12 months. RBA/Fed policy trend and sluggish Chinese economic activity can further weigh on AUD/USD.”

© 2000-2025. 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.

Feedback
Live Chat E-mail
Up
Choose your language / location
Click Subscribe to receive notifications about promotions and bonuses