Analysts at CIBC, point out that there is a new driver in AUD/USD, but the same direction. According to them, the pair has diverged from commodity prices and is now more influenced by interest rate spreads. Key Quotes: “In recent years the primary driver of the Aussie dollar has changed from commodity prices to interest rate spreads, but the general direction the currency was travelling remained the same – down. That could be due to the fact that it has been supply, rather than demand, issues that have been largely propping up prices for its key commodities. However, going forwards the Aussie could do a U-turn and see an appreciation.” “Interest rates are already very low, suggesting little further room for spreads to move more in favour of the US. Meanwhile an improvement in global sentiment could be positive for commodity prices for the right reason: higher demand rather than limited supply.” 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 USD/INR: More rate cuts to keep depreciation pressure on the Indian Ruppe – Danske Bank FX Street 3 years Analysts at CIBC, point out that there is a new driver in AUD/USD, but the same direction. According to them, the pair has diverged from commodity prices and is now more influenced by interest rate spreads. Key Quotes: "In recent years the primary driver of the Aussie dollar has changed from commodity prices to interest rate spreads, but the general direction the currency was travelling remained the same - down. That could be due to the fact that it has been supply, rather than demand, issues that have been largely propping up prices for its key commodities. However, going… 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.
