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Fundamental Outlook for Australian Dollar. Bearish
- Reserve Bank of Australia holds rates steady, raising the outlook for interest rates
- Australian economy unexpectedly contracts in 4Q
- Retail spending bucks global trend, rising 0.2% in January
- AUDCHF offers range-trade opportunities
The forex software reviews neutral policy stance taken on by the Reserve Bank of Australia this week has certainly increased the appeal of the higher-yielding currency however, as the economic calendar for the following week is expected to reinforce a dour outlook for the $1T economy, deteriorating fundamentals are likely to weigh on the exchange rate.
Australian Dollar May Fall as Fundamental Headwinds Lie Ahead
The neutral policy stance taken forex brasil on by the Reserve Bank of Australia this week has certainly increased the appeal of the higher-yielding currency however, as the economic calendar for the following week is expected to reinforce a dour outlook for the $1T economy, deteriorating fundamentals are likely to weigh on the exchange rate. - DS
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