According to experts of the Forex market, the Australian dollar is slowly but surely continues to pull all lower in tandem with US currency, and currency strategists at Goldman Sachs believe that this should not be surprising. On the contrary, you should be prepared for the fact that the decline will continue, although its potential in the near future will be somewhat limited. The bank pay attention to the continuing fall in prices for raw materials - iron ore, for example, now costs about $ 68 per ton, which is 50% lower than at the beginning of the year. In addition, the negative impact on the Aussie has investors' anxiety about the economy of China, where the efforts of officials mitigation policies indicate that the positive momentum in the economy remains fragile.
Another factor in favor of staying in the camp bears on Aussie/Dollar is still outpacing the growth pattern of the US economy. Moreover, against the background of events in Russia risk appetite continued to weaken, which is also negative for the Australian currency, which does not feel much support on the part of economic statistics.
Australian dollar shows growth
The dollar index traded near a five-year high amid rising US Treasury yields after Fed Chairman Janet Yellen during a press conference said that the US central bank is unlikely to raise rates on "the next two sessions," and cautioned that the Fed can not take action only at a meeting with the subsequent press conference. "It gave a signal that the central bank may raise interest rates as early as April 2015 (meeting scheduled for April 28-29, it is the third in 2015 and does not include the subsequent press conference)", - explained the analysts of the Forex Broker Company TeleTrade (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/). Thus, the rate may be increased until mid-2015, as before, and investors expected.
The Australian dollar rose, rebounding from a four-year low against the background of the Asian stock indices, which spurred demand for higher-yielding assets. Nevertheless, by the end of the session the currency has again started to fall. Pressure on the pair has a positive attitude to the US dollar market, low prices for iron ore and the recent verbal pressure on the Reserve Bank of Australia to the Australian currency, said in TeleTrade.
