Back

AUD/USD: Selling opportunity – Rabobank

The Reserve Bank of Australia maintained steady its monetary policy, but there are some risks looming in the Australian economy. Therefore, strategists at Rabobank suggest selling the Aussie dollar.

Key quotes

“The RBA acknowledges that the trade and technology dispute between the US and China is a continuing source of uncertainty. It also refers to the coronavirus but wisely states that ‘it is too early to determine how long-lasting the impact will be'."

“The RBA has also left the door open for further rate cuts maintaining that ‘it remains prepared to ease monetary policy further if needed to support sustainable growth in the economy, full employment and the achievement of the inflation target over time’.”

“The combination of the bushfires and the coronavirus risks is already suggesting that the company guidance may be the most interesting aspect of the forthcoming round of Australian earnings data. In view of the risks to growth and the AUD’s sensitivity to commodities prices, we see further downside risk for AUD/USD and look for a move towards 0.65 medium-term.”

 

USD/CHF advances higher toward 0.9700 an upbeat market mood

The USD/CHF pair closed the first day of the week with small gains and continued to push higher toward the 0.9700 mark on Tuesday supported by the upb
مزید پڑھیں Previous

EUR/GBP now looks to 0.8600 and above – Commerzbank

Following the recent price action, the cross now shifted its attention to the area above the 0.8600 mark, noted Karen Jones, Team Head FICC Technical
مزید پڑھیں Next