Aussie se stabilizira na solidnem BDP

AUD/USD has posted slight losses today, trading at 0.6726. This follows a disastrous Tuesday, when the Aussie fell 0.92%. Earlier, AUD/USD fell as low as 0.6999, its lowest level since July 14th.

Australian GDP within expectations

Australia’s GDP for Q2, released earlier today, has helped stabilize a wobbly Australian dollar. GDP posted a 0.9% gain, just shy of the estimate of 1.0% and above the 0.8% in Q4. Consumer spending remains robust, and the economy was supported by strong export numbers, as commodity prices remain high.

The Australian dollar’s woes seem more a case of US dollar strength than AUD weakness. We are seeing global interest rate continue to head higher, which has dampened the appetite for risk-related assets, such as the Australian currency. An aggressive Federal Reserve, supported by solid US numbers, has boosted the greenback. Tuesday’s US ISM Services PMI rose to 56.9 in August, up from 56.7 in July and higher than the 55.1 estimate. The report pointed to an increase in business activity and strong consumer demand, despite high inflation and rising interest rates.

The RBA delivered a fourth straight hike of 0.50% on Tuesday, but the sizeable increase failed to boost the Australian dollar, as the move had been anticipated by the markets. The Australian dollar has not been responsive to recent RBA moves, losing ground yesterday and after the July meeting. The cash rate is now at 2.35%, which is expected to hit 3% by the end of the year, with further hikes expected in 2023. Today’s move brings rates close to the neutral level of around 2.5%, which means that the RBA is likely to deliver one more 50bp hike and then scale back to 25bp increases, contingent on inflation and the strength of the labour market.

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AUD / USD Tehnični

• 0.6737 je šibka linija upora. Zgoraj je upor pri 0.6846
• Podpora je na 0.6661 in 0.6552

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Dnevni komentar Kennetha Fisherja, ki je zelo izkušen analitik finančnih trgov in se osredotoča na temeljne analize, pokriva široko paleto trgov, vključno s forexom, delnicami in surovinami. Njegovo delo je bilo objavljeno v več pomembnih spletnih finančnih publikacijah, vključno z Investing.com, Seeking Alpha in FXStreet. Kenny s sedežem v Izraelu sodeluje pri trgu MarketPulse od leta 2012.

Zadnje objave Kennyja Fisherja (Poglej vse)