It is not enough to tighten monetary policy alone. The resumption in May of the RBA’s monetary cycle after a pause during April was only able to support the AUDUSD briefly. The pair is once again under pressure. Why? We’ll discuss this topic, and then draw up a plan.
Weekly Australian Dollar fundamental analysis
The AUDUSD has been impacted by the slow Chinese recovery and fears of US defaults and recession. The AUDUSD bears are not helped by the Reserve Bank of Australia raising its rate to an 11-year record of 3.85%, nor by the first budget surplus of Australia since 2008. Foreign shocks outweigh… Read full author’s opinion and review in blog of #LiteFinance