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Australian Dollar Outlook: China, Energy and Yields in Play. What Will Drive AUD/USD?
Central banks gave their audience what they wanted this week, while the Chinese government remains guarded over Evergrande’s debt obligations. Commodity prices have seen higher volatility with sector specific issues at play. Higher long end bond yields are emerging, but the focus for AUD/USD will be the differential. The FOMC delivered on market expectations during the week and the tapering of the Fed’s bond buying program will almost certainly be announced at the November meeting. The RBA minutes seemingly confirmed that the current monetary policy stance will be maintained until February 2022. With both central ... (full story)