AUD/USD: Aussie not standing a chance against Dollar at present – Commerzbank AUDUSD Australia GDP Inflation Banks
and inflation figures. Economists at Commerzbank expect the Aussie to struggle against the greenback.“The Australian data mix this morning illustrates: the RBA’s 325 bps in previous rate hikes are having an effect, but more is likely to come.”
“Q4 GDP was expanding less than in the previous quarter. High levels of inflation, in January they remained at 7.4% YoY, are affecting the buying behaviour of consumers. At the same time the result means that the“AUD was able to benefit very briefly but soon focus returned to the USD, with hardly any currency, including theInformation on these pages contains forward-looking statements that involve risks and uncertainties.
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