AUD leads G10 on trade optimism and hawkish RBA tone – BBH
|The Australian Dollar (USD) tops the G10 leaderboard as improved US-China trade prospects and RBA Governor Bullock’s hawkish remarks temper expectations of near-term easing, BBH FX analysts report.
Markets scale back RBA rate-cut bets to 25% for November
"AUD is outperforming all major currencies on favorable US-China trade developments and hawkish comments by RBA Governor Michele Bullock. Bullock stressed that Australia is in “pretty good” position on jobs and inflation, adding the RBA policy rate might not come down as far as that of other central banks. Cash rate futures trimmed RBA November 4 rate cut in half to 25%."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.