After a slight decline at the opening, the Australian dollar turned upward against the US dollar

Huitong Network2month27Daily News - Monday（2month27After a slight decline in the opening, the Australian dollar against the US dollar in Japan turned upward and briefly approached0.77Gateway, currently trading in0.7694frontline.

In terms of data, the data released earlier showed that the operating profit of Australian companies increased quarter on quarter in the fourth quarter20.1%, year-on-year growth26.2%Mainly driven by the rebound in commodity prices, the profits of coal mining enterprises have increased. Calculated by trend, the quarterly profit rate is9.3%At an annual rate of20%。Fx678It is believed that positive economic data has also provided some momentum for the rise of the Australian dollar.

Australian companies saw a significant increase in profits in the fourth quarter, and the Australian dollar's rebound is approaching0.77Gateway

Although the AUD/USD bulls lost some momentum last week, if they break through this week0.7700At the critical juncture, there may be another strong rebound, testing the nearly three-month high reached last week0.7740Nearby. The short-term impact on the trend of the Australian dollar also requires attention to the latest developments from the Federal Reserve, Trump's remarks, and Australia's own economic data.

This week, investors need to focus on Tuesday(2month28day)US President Trump's speech in Congress on Wednesday(3month1day)Australia Q4GDPSeasonal rate and China2Monthly official manufacturingPMI。

However, it is worth noting that the Chairman of the Federal Reserve of Australia, Lowe, stated in his latest speech that current easing may represent more borrowing and higher house price bonds. Huitong.com quoted analysts from Daoming Securities as saying that higher house price debt will only exacerbate household debt. If income and employment conditions do not improve further in the coming months, it is expected that the Reserve of Australia may postpone interest rate hikes until2018year11Month.

Technically, Brown Brothers Harriman Bank stated that the Australian dollar reached a new record high in the latter part of last week0.7740But the upward trend quickly subsided,0.7600-0.7700The interval is still intact. It is expected that the Australian dollar will eventually break through this range and then decline, and technical indicators have not confirmed a new high.
Federal Reservehttp://news.fx678.com/news/keywords/fed.shtml