FXstreet.com (Barcelona) - The next key releases to watch are the RBA minutes on Tuesday and Q3 CPI inflation on October 24, with UBS Economics expecting core inflation "to remain at the bottom of the central bank's 2-3% target range and so allow further interest rate cuts" the bank notes. Moreover, Q3 capital expenditures will be released on November 30; "If the latter does show mining investment is peaking now, the Australian dollar may start a more pronounced downtrend through the bottom of this year's 0.96-1.08 range against the dollar" the UBS Analysts add.
AUD/USD May 22 at 15:06 GMT
0.9695/97 (-1.09%)
H0.9830 L 0.9673
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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Any opinions, news, research, analyses, prices or other information contained on this story, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
