“The Reserve Bank of Australia downgraded growth forecasts for the economy and inflation in the medium term,” - the correspondent of Arsenal-FX reported (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
The pair was able to partially compensate for the losses inflicted on her by the WSJ news about a possible downgrade of the Australian S & P agency. Now the pair is trading at 0.7802, down 0.11 percent. Note that the pair has recovered from a low of 0.7786, which she got after WSJ publication. Partially recouping losses, AUDUSD is back to flat, - FBS analysts noted (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
The AUD / USD surged after clashing resistance below 0.7800, and began to decline afterwards. From the moment, the pair is trading at around 0.7740 in the flat. After the fall during the Asian session, the U.S. dollar recovered against major currencies. The ‘loser’ among currencies is AUD, according to experts.
AUD / USD lost all the points scored and now is trading at a small increase in the European session, as a fall in oil prices puts pressure on commodity currencies. AUD / USD is now testing the lows. The pair is trading almost without significant changes at 0.7771.
The Australian dollar rose against most major currencies after Australia's central bank decision to reduce the medium-term forecasts on inflation and economic growth, saying that economic growth is not fast enough to prevent further increase in unemployment, analysts of TeleTrade said (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/).
