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Business / Finance

The foreign exchange market. The Australian dollar is time to sell

Forex Club 28.07.2017 at 14:18

This week the Central Bank of Australia (RBA) will release its monetary policy decision. High probability that the RBA will keep rates at the current level of 1.5%. Inflation in Australia reduced. In the second quarter it fell to 1.9% from 2.1% in the first. A hint of the possibility of such an outcome gave last week, the head of the Central Bank.

most Likely, will be soft and the accompanying comments. Moreover, an expensive Australian dollar is detrimental to the national economy. GDP growth slowed to 1.7% in Q1 2017 from 2.4% in Q4 2016. And this trend may persist at the end of Q2.

Thus, the AUD/USD has all chances to begin to decline. The primary purpose of the 0.7900 and further to 0,7840. The current growth should be considered as a good opportunity for sales.

Warning: Profitability in the past does not mean profitability in the future. Any projections are for informational purposes and do not guarantee results.

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Aussie dollar, the RBA, Australia, the Forex Club

Not found economic events 2017-07-31 on 2017-08-04