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Business / Finance

AUD/USD: comments by Philip Lowe caused a fall in the AUD. Trading recommendations

MQL5: Blogs Traders 06.02.2019 at 11:36

Blogs traders and analyst of financial markets

The Australian dollar rose on Tuesday after the RBA meeting, because Lowe gave optimistic predictions for GDP growth and accelerating inflation.

However, on Wednesday observed a reverse dynamics of the Australian dollar, which reduced, and AUD/USD is trading in the early European session near the 0.7135, 100 pips below the opening price of the trading day.

on Friday, the RBA will publish, as expected, lower GDP growth forecasts. Philip Lowe said on Wednesday that "a slowdown in the Chinese growth is the greatest threat to the Australian economy. World events are a major source of risks for the Australian economy," adding that "the economic situation in Australia may be worse than assumed".

the last time Australia receives data indicating a sharp deterioration in business conditions, falling housing prices, a reduction in the number of building permits and advertisement workers.