RBA is on track to ease more cautiously than the Fed – BBH
AUD/USD dropped back to the lower end of its 0.6580-0.6630 range which has been in place since September 30, BBH FX analysts report.

AUD/USD dropped back to the lower end of its 0.6580-0.6630 range which has been in place since September 30, BBH FX analysts report.

AUD/USD can edge higher in the short term

"Australia’s Westpac-Melbourne Institute Consumer Sentiment Index fell -3.5% m/m in October to a six-month low at 92.1 driven by more downbeat views on the near-term outlook, especially prospects for family finances. Encouragingly, consumers are still not concerned about the outlook for jobs as the Unemployment Expectations Index declined -2.9% to a two-month low at 127.6 in October."

At its last September 30 meeting, the RBA left the policy rate at 3.60% and signaled that the bar for additional rate cuts is high. The next RBA meeting is November 4 and cash rate futures imply 40% odds of a 25bps cut. Over the next 12 months, cash rate futures continue to more than fully price-in one 25bps cut and the policy rate to bottom around 3.35%."

"Bottom line: AUD/USD can edge higher as the RBA is on track to ease more cautiously than the Fed and global economic activity is resilient."

FXStreet
Trade The World
Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

Explore Mais Ferramentas
Academia de Trading
Navegue por uma ampla gama de artigos educacionais cobrindo estratégias de trading, insights de mercado e fundamentos financeiros, tudo em um só lugar.
Saiba Mais
Cursos
Explore cursos de trading estruturados projetados para apoiar seu crescimento em cada etapa de sua jornada de trading.
Saiba Mais
Webinar
Participe de webinars ao vivo e sob demanda para obter insights de mercado em tempo real e estratégias de trading de especialistas da indústria.
Saiba Mais