At the last RBA meeting, the Board decided to hike rates by 25 bps due to unexpectedly high inflation. Furthermore, Governor Lowe indicated that he expects further interest rate hikes over the coming months. See here for the analysis after the last meeting. This should keep the AUD supported over the medium term. However, slowing growth, falling commodity prices, and COVID cases in China is also significant headwind for the AUD. The USD, by contrast, is looking increasingly like it is close to peak bullishness. The latest CPI print on Wednesday this week showed a print above expectations for the headline and core, ...
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Joined Sep 2021
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Status: Junior Member
|1 Comment
hell no
its just begun to keep going down
first its the comodities price sinking.second chinas lockdown and third its the dollar dxy rocketing
so do you think its time to reversal ...