The Australian dollar is falling

September 22, 2015

The AUD/USD is trading with a decrease on Tuesday, despite the neutral news and statistics.

On Tuesday, the Australian dollar fell for the second consecutive day. The AUD/USD is now holding to 0.7113, but could have retained neutrality - the good this is that the background looks quite calm.

Morning statistics showed that the index of house prices in Australia for the second quarter of 2015 increased by 4.7% q/q, far exceeding the figure for the first quarter, when the indicator stood at only 1.6%. Simultaneous calculations show that the index added 9.8% y/y. This is significantly above the levels of the beginning of the year. For the Australian dollar the growth of this indicator is, in fact, a strong positive catalyst as it indicates a positive change in inflationary pressures.

However, the Aussie was not very active in the reaction to this release. Investors continue to keep an eye on the Chinese news, to have time to react to the slightest change in the rhetoric of the authorities. According to President Xi Jinping, China's economy continues to develop in the framework of the forecast range, although it is forced to face serious pressures. The Government of China has repeatedly stressed that the reduction in the level of foreign exchange reserves is nothing criminal, so it is unlikely to consider this as a critical factor.

Investors, however, assess all of the above from a slightly different position. Since the authorities are speaking about it, the reasons for concern are present. Therefore, it is necessary to take this into account in the prices - just in case.

Publication source
RoboForex information  RoboForex reviews

September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...
September 23, 2016
Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016
Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...

Larson&Holz IT Ltd Rating
HYCM Rating
Grand Capital Rating
Vantage FX Rating
FXTM Rating
OctaFX Rating

EZTrader Rating
Porter Finance Rating
Grand Option Rating
TopOption Rating
OptionsXO Rating
24option Rating