AUD/USD Trades to Fresh Yearly High Ahead of RBA Policy Statement
Australian Dollar to Fresh Yearly High Ahead of RBA Policy Statement. The Australian Dollar has been on a tear this week and it seems to be following the footsteps of the U.S Dollar. The U.S. Dollar dropped below 70 AUD to Fresh Yearly High, but has since rebounded to Fresh Yearly High levels. Australia’s Dollar dropped below 75 AUD to Fresh Yearly High, but has since rebounded to Fresh Yearly High levels.
The AUD was at a Fresh Yearly High on Thursday due to the US Federal Reserve Chairwoman Yellen’s announcement that the US Federal Reserve is raising its target for Interest Rates. The Federal Reserve Chairwoman announced the target in her speech to Congress.
In her speech, Federal Reserve Chairwoman Yellen explained that the Federal Reserve’s target rate is “the rate that most observers would consider most appropriate”, and that “this goal is set to provide a steady, supportive environment for financial markets and a healthy environment for the U.S. economy”. It appears that the Federal Reserve is keeping the USD low in order to slow down inflation, which is seen as a cause for concern by the Federal Reserve.
It is hard to know if this statement will have a significant effect on the currency markets because it doesn’t give any hints as to when the rates will change. The Federal Reserve Chairwoman’s comments about being concerned about the global economy seem to indicate a higher USD price tag for the USD.
In terms of AUD/USD currency trades, this indicates that traders expect the AUD to continue to fall lower to Fresh Yearly High levels during the second half of the year. However, the US Dollar is expected to continue to rise against the AUD.
It also looks like the Federal Reserve’s statement will have an effect on AUD/USD currency trades to Fresh Yearly High levels in the second half of the year. Traders are looking at the comments by Federal Reserve Chairwoman Yellen as a signal that the US Dollar is not a safe haven for investors and will likely drop over the next few months. Many analysts expect the US Dollar to go against the AUD in the next six months.
With such a weak US Dollar, it will be easier for AUD traders to buy AUD. and the AUD will fall in value. Traders will purchase AUD when the currency pairs are weak and sell AUD when the currency pair is strong.
Traders can place AUD to a New Yearly High when they anticipate the AUD to go down in value. Traders can also place AUD to a New Yearly Low when they anticipate the AUD to go up in value. They can get out of AUD when they anticipate the AUD to go down in value. It’s important to understand the importance of AUD/USD trading to be able to understand why the AUD is being driven down.
As the AUD moves lower into the New Year, traders may start looking for opportunities to purchase AUD from dealers in other countries that may have more stable economies than the US. Many governments will be looking to reduce their trade deficit, so they can increase the supply of money that they can export. The US Dollar will become weaker against other countries’ currency pairs, especially after the US Dollar strengthens against the British pound and European Euro.
Some of the world’s largest economies will be having difficult times in the coming year. It looks like China will be experiencing a difficult economic transition, while Europe is undergoing political and social turmoil. Many large corporations in China are experiencing financial issues, while the US Dollar increases in value against other currencies.
In the New Year, AUD traders will likely see an AUD to USD exchange rate that falls slightly to Fresh Year High levels. Once the US Dollar begins to strengthen again, it will cause the AUD to go back up again. However, it is hard to tell when the AUD will hit Fresh Annual High again. As long as the USD continues to weaken, the AUD is likely to keep falling.
The AUD is likely to remain weak in the next three months, but there is some optimism that the USD could go against the AUD. or at least continue to hold a similar level.