In view of Greg Gibbs, Analyst at Amplifying Global FX Capital, AUD is likely to be approaching a base, after falling from its high in around four years to its low in three years this year. Key Quotes “The RBA started the year saying, “An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast.” In November, it acknowledged that a lower AUD has helped support the economy. However, the overall movement has still been relatively contained; the range over the year-to-date is not spectacular with the AUD remaining within the same range for the last four years.” “Many had thought that by now the AUD could have been a lot weaker with its yields below those in the USA by a record margin. It seems that a further deterioration in yield spreads have contributed to weakness in the AUD this year and strength in the USD, but we may be approaching a major turning point in this spread widening. As such we could also be approaching a base in the AUD.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD targets 0.7524 on positive Trump-Xi meeting outcome – Morgan Stanley FX Street 4 years In view of Greg Gibbs, Analyst at Amplifying Global FX Capital, AUD is likely to be approaching a base, after falling from its high in around four years to its low in three years this year. Key Quotes "The RBA started the year saying, "An appreciating exchange rate would be expected to result in a slower pick-up in economic activity and inflation than currently forecast." In November, it acknowledged that a lower AUD has helped support the economy. However, the overall movement has still been relatively contained; the range over the year-to-date is not spectacular with the AUD remaining within… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
