The Australian Dollar has been struggling with the fresh strength of the US Dollar following the hike by the Federal Reserve. Australia’s central bank is next. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses its rate expectation for the RBA meeting next week and over the medium-term. “The RBA is likely to remain on hold next week following another dovish hold by the RBNZ today,” BofAML projects. “We, like the RBA, still see the next move in rates as up. Current economic momentum suggests the risk is for an earlier challenge to current market complacency in RBA pricing. The strength of the economy provides significant fiscal flexibility for the Morrison government to underpin household incomes and broader spending ahead of the next election in the mid-year Budget update in December,” BofAML adds. For lots more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next Australia: Credit growth slowing – Westpac FX Street 4 years The Australian Dollar has been struggling with the fresh strength of the US Dollar following the hike by the Federal Reserve. Australia's central bank is next. Here is their view, courtesy of eFXdata: Bank of America Merrill Lynch Research discusses its rate expectation for the RBA meeting next week and over the medium-term. "The RBA is likely to remain on hold next week following another dovish hold by the RBNZ today," BofAML projects. "We, like the RBA, still see the next move in rates as up. Current economic momentum suggests the risk is for an earlier challenge to current market… 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.
