The Australian Dollar is under pressure again. Overview for 19.11.2019
AUDUSD is falling on Tuesday morning; the pair remains under bearish pressure.
The Australian Dollar is retreating against the USD on Tuesday. The current quote for the instrument is 0.6799.
In the morning, the Reserve Bank of Australia published its latest Monetary Policy Meeting Minutes, which couldn’t surprise anybody: the regulator continued following the labor market and assessing external background, which was suffering from global wars.
At the same time, it’s obvious that major business processes in Australia are slowing down: market players’ attention is completely focused on the trade talks between the US and Chinese officials, who just have no luck signing the first phase of the trade agreement.
Yesterday, China cut the repo rate for the first time since 2015. This is how the People's Bank of China is giving a boost to the country’s economy and financial system. This news can be perceived as China’s readiness for lengthy negotiations and that’s not a good signal for all risk-related currencies.
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