The Australian Dollar has softened in Thursday's Asian session due to disappointing Q3 GDP figures and heightened expectations for a dovish stance from the Reserve Bank of Australia. The AUD is under selling pressure as traders await key US economic data for direction.
The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australia’s Q3 GDP and heightened expectations of RBA 's dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balanceare due later on Thursday. The Australian Dollar remains under selling pressure on Thursday.
6687, the high of November 7. Australian Dollar FAQs What key factors drive the Australian Dollar? One of the most significant factors for the Australian Dollar is the level of interest rates set by the Reserve Bank of Australia . Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance.
AUSTRALIAN DOLLAR ECONOMIC DATA RBA INTEREST RATES TRUMP IMPORTS
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