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.

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