The performance of the AUD/USD exchange rate is relatively stable

Huitong Network10month24Daily News - Monday(10month24day)The exchange rate between the Australian dollar and the US dollar has remained relatively stable, with a stable exchange rate0.76Above the Great Barrier, in the third quarter of AustraliaCPIPrior to the release of the data, there was a significant departure from the market for short positions to gain profits.

Many analysts say that the Australian dollar has recently performed strongly compared to other risky assets, mainly due to the soaring prices of coal and iron ore, which are Australia's largest export commodities.

This week, Australia and the United States will respectively release their inflation data for the third quarter and the third quarterGDPAt the initial value, the trend of the Australian dollar is expected to be injected with new momentum. Investors are eagerly anticipating an improvement in the overall global sluggish inflation situation.

The Reserve Bank of Australia predicts that the potential annual inflation rate in Australia will remain at1.5%Left and right. Last week, Reserve Bank of Australia Chairman Lowe delivered a speech stating that inflation levels were below the official target lower limit2%Not unprecedented. This statement suggests that the Federal Reserve of Australia is not in a hurry to further lower interest rate levels.
Inflation in the third quarter may test the Federal Reserve of Australia's willingness to cut interest rates,CPIThe probability of softening is not high
Many economists predict that in the third quarter of AustraliaCPIExpected to meet the expectations of the Reserve of Australia. If the data performance is significantly sluggish, the possibility of interest rate cuts within the year will be greatly increased, and the trend of the Australian dollar exchange rate will also break away from the recent volatile range.

Since the beginning of this year, in order to stimulate a rebound in inflation levels, the Federal Reserve of Australia has successively2The second reduction in interest rates, currently1.5%The interest rate level has reached a historic low.

Global Currency Strategy Director, National Bank of AustraliaRay Attrill"Once the inflation level significantly weakens, it will surprise the Federal Reserve of Australia, and further easing of monetary policy will return to decision-makers' eyes," he said


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