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24 Dec 2014
Aussie: lower lows, RBA headed for a rate? - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet noted that the Australian dollar extended its decline against its American rival to a fresh 4-year low of 0.8087.
Key Quotes:
“…Influenced by iron ore losses early Tuesday, and former bounces were contained by 0.8140 immediate resistance level, from where the pair resumed its slide”.
“It has been a tough year for Aussie against the greenback, but at the same time, the AUD is set for its first annual gain versus its major peers in three years as it outperforms the euro and the yen, frustrating RBA’s measures to stimulate the local economy”.
“That means the Central Bank may be closer than expected to another rate cut which should result in further AUD/USD slides into 2015”.
Key Quotes:
“…Influenced by iron ore losses early Tuesday, and former bounces were contained by 0.8140 immediate resistance level, from where the pair resumed its slide”.
“It has been a tough year for Aussie against the greenback, but at the same time, the AUD is set for its first annual gain versus its major peers in three years as it outperforms the euro and the yen, frustrating RBA’s measures to stimulate the local economy”.
“That means the Central Bank may be closer than expected to another rate cut which should result in further AUD/USD slides into 2015”.