Market news
04.02.2020, 11:38

AUD/USD: Selling opportunity – Rabobank

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

“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.”

© 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.

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.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location