AUD Drops on Monetary Easing Announcement

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Since Wednesday's midnight hours, the Australian dollar dropped by 1.70%, which was the most significant daily drop in a year.

The reason for the fall was due to the announcement from the Reserve Bank of Australia Governor Philip Lowe during an interview the Governor revealed a possible cash rate cut that might be done in the near future.  

In general, it was a new piece of information that revealed that the Australian currency will be cheaper in the future, as the cost for AUD loans will be lower.

Elias Haddad, rates and FX strategist, at Commonwealth Bank of Australia said that while there was a risk the Aussie dollar could test $0.70, a more pronounced downward move was unlikely.

Australia's central bank is the latest to signal policy easing in the face of global economic headwinds.

Last week, the U.S. Federal Reserve rejected their plans for further rate hikes, referring to the current slowdown of global economic growth. The European Central Bank is less likely will start to reduce the rate later this year.

"The EC forecast will give a pretty good guideline of how much the ECB will revise their own economic forecasts," said CBA's Haddad.
Back to articles

Actual Topics

Wed, 20 Feb 2019 12:40:02 GMT

Swedish Crown slumps to two-year low

During Tuesday's trading session, the Swedish Crown depreciated against the US Dollar by 1601 pips or 1.73% to a two year low at 9.4215.

Tue, 15 Jan 2019 17:08:51 GMT

Japanese Yen downswing

During the first week of 2019, the Japanese Yen unexpectedly depreciated against the US Dollar by 459 pips or 4.20%. The currency exchange rate fell to the 104.85 point, making a first USD/JPY low in 2019. No official report or news is explaining the decrease of the Japanese Yen against the US Dollar. Most likely, the US Dollar depreciated massively in

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.