The Australian dollar hit new 2009 lows against the US dollar as both countries seem to go in different directions. AUD/USD reached a low of 0.7827, breaking below the 0.7850 line that was the previous support line. The Federal Reserve made no earth shattering changes to its statement: it still sees quite a few positives in the US economy while calling for patience regarding normalizing monetary policy – raising the interest rates. While Yellen and co. did express some worries about international developments, this was quite sidelined by the upbeat wording on the solid economy and strong job growth. In New Zealand, Australia’s neighbor, the tone was different: the RBNZ switched to neutral stance: a rate hike is no longer on the cards, and this makes sense after the fall in inflation. Australia did not incur a drop in inflation: the trimmed mean CPI actually beat expectations and y/y it remains above 2.2%. However, when everybody is busy in a currency war, Australia probably cannot stay behind. Speculation is mounting in the Australian press about a rate hike as soon as February 4th. Will the RBA slash 25 basis points and set the interest rate at 2.25%? They could do it now or in March. Opinion: AUD/NZD: RBA Rate Cut Speculation Builds as RBNZ feeds the bears – RBS Here is the chart: 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 AUD/USD Daily OutlooksForex News Today: Daily Trading News share Read Next EUR/USD Correction Drawing To A Close: Levels & Targets Yohay Elam 7 years The Australian dollar hit new 2009 lows against the US dollar as both countries seem to go in different directions. AUD/USD reached a low of 0.7827, breaking below the 0.7850 line that was the previous support line. The Federal Reserve made no earth shattering changes to its statement: it still sees quite a few positives in the US economy while calling for patience regarding normalizing monetary policy - raising the interest rates. While Yellen and co. did express some worries about international developments, this was quite sidelined by the upbeat wording on the solid economy and strong job growth. In… Top 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.
