Since the start of this year AUD/USD has dropped over 6%. While the move is currently looking a little over-extended, judging by the current tone of the news-flow the AUD is still vulnerable to further falls over the medium-term, according to analysts at Rabobank. Key quotes “As low wage inflation and soft price pressures have been symptomatic of the issues facing RBA policymakers for some time, the fall in the value of the AUD will not be totally unwelcome at the central bank – though the pace of the drop this year may be of some concern.” “The RBA will meet for its next policy meeting on March 3. Last week the minutes of the February 4 meeting were released. The minutes highlighted that ‘members reviewed the case for a further reduction in the cash rate at the present meeting’, which was taken by the market as a dovish signal.” “Any sign in next week’s meeting that policy-makers’ concerns regarding coronavirus are escalating will increase the risk of another 25 bps reduction in rates in the coming months. This will increase downside potential for AUD/USD towards 0.65.” 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 UK PM Johnson spokesman: UK to publish Brexit negotiating mandate on Thursday FX Street 2 years Since the start of this year AUD/USD has dropped over 6%. While the move is currently looking a little over-extended, judging by the current tone of the news-flow the AUD is still vulnerable to further falls over the medium-term, according to analysts at Rabobank. Key quotes “As low wage inflation and soft price pressures have been symptomatic of the issues facing RBA policymakers for some time, the fall in the value of the AUD will not be totally unwelcome at the central bank – though the pace of the drop this year may be of some concern.” “The RBA will… 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.
