The Australian Dollar is “sliding” down. Overview for 10.01.2018


The AUD/USD pair has been falling for the fifth consecutive trading session; the statistics from China didn’t provide any support.

The Australian Dollar is falling against the USD on Wednesday. The current quote for the instrument is 0.7817.

Several macroeconomic reports published this morning by China, which is Australia’s major trade and economic partner, didn’t support the Aussie. The Inflation Rate increased up to 1.8% y/y in December, which is better than it was in November. The expected reading was 1.9% y/y.

The Chinese PPI expanded only by 4.9% y/y in the same month after adding 5.8% y/y the month before.

The USD is regaining its positions everywhere, including the AUD/USD pair. The American currency may continue recovering today, when the USA are expected to report on the inflation in December. The US Dollar is surely to respond to this information, which may influence the UAD/USD pair behavior.  

The Reserve Bank of Australia emphasized on several occasions that the expensive Aussie prevents the country’s economy from expanding and the regulator from implementing its monetary policy and targets. In this light, the decline of the national currency is totally positive.


RoboForex Analytical Department



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