The experience of the global financial crisis suggests that the AUD is unlikely to turn around until equities bottom. The Reserve Bank of Australia’s latest easing measures have limited FX impact in the view of analysts at HSBC. Key quotes “‘Risk-on-Risk-off’ (RORO) is firmly in the driving seat and the AUD is the most risk-sensitive G7 currency, helping to explain why it is also the worst performer this year.” “It seems unlikely that the AUD will turn around until equities bottom. This was the experience during the global financial crisis. A similar fall this time could put AUD-USD close to a 20-year low, around the 0.50 level.” “The RBA has announced it will cut its cash rate by 25 basis points to an all-time low of 0.25%. However, the FX impact is limited, given policy rates are already close to zero across G10 central banks.” 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 US: Four reasons to buy a negative yielding bond – Charles Schwab FX Street 2 years The experience of the global financial crisis suggests that the AUD is unlikely to turn around until equities bottom. The Reserve Bank of Australia’s latest easing measures have limited FX impact in the view of analysts at HSBC. Key quotes “‘Risk-on-Risk-off’ (RORO) is firmly in the driving seat and the AUD is the most risk-sensitive G7 currency, helping to explain why it is also the worst performer this year.” “It seems unlikely that the AUD will turn around until equities bottom. This was the experience during the global financial crisis. A similar fall this time could put AUD-USD close to… 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.
