It has become evident that any further downside in the aussie, which was driven by global events, is set to be backstopped by highly reactive central banks while the topside will be closely watched by the Reserve Bank of Australia (RBA), economists at ANZ apprise. Key quotes “The AUD is likely to continue trading alongside the ebbs and flows of global risk appetite. The key driver being the arm wrestle between the trajectory of global growth and central banks actions. We expect this tussle to take place around fair value, with the AUD trading in a 10c range around USD 0.70 cents.” “Significant downside will be protected by very active global central banks, the topside capped by the RBA.” 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 EU’s von der Leyen: EU and UK still quite far apart FX Street 3 years It has become evident that any further downside in the aussie, which was driven by global events, is set to be backstopped by highly reactive central banks while the topside will be closely watched by the Reserve Bank of Australia (RBA), economists at ANZ apprise. Key quotes “The AUD is likely to continue trading alongside the ebbs and flows of global risk appetite. The key driver being the arm wrestle between the trajectory of global growth and central banks actions. We expect this tussle to take place around fair value, with the AUD trading in a 10c range around USD… 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.
