The Australian Dollar reached stability. Overview for 20.02.2018
After a volatile last week, AUDUSD reached stability this Tuesday.
On Tuesday morning, the Australian Dollar reached stability against the USD. The current quote for the instrument is 0.7917.
There was minimal news this week and the majority of the traded currency pairs are consolidating. In the morning, the Reserve Bank of Australia published its previous Meeting Minutes, which took place on February 6th.
Both internal and external markets are estimated by the RBA as positive. Among internal risks, the regulator once again mentioned low household spending, just as it did before. Studies suggest that the country’s population still don’t believe that the labor market reached stability and, as a result, are reluctant to spend above their means.
The regulator’s expectations of the GDP this year are 3%, the Consumer Price Index – a bit higher than 2%. However, when it comes to the inflation, the RBA has doubts: salaries are growing, but very slowly, that’s why the inflation growth directly depends on employers’ intentions to revise their employees’ income.
The real estate market is unstable. For example in Sydney, where there was previous improvement is now on a decline.
RoboForex Analytical Department
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