19.08.2014 - The Australian dollar strengthened after the release of minutes of meetings of the RBA
oday have been published the minutes of the previous meeting of the Reserve Bank of Australia, which has led to the strengthening of the Australian dollar. The main thesis was uncertainty about the future of the Australian economy, the slowdown in GDP growth in the short term, the expectation of restrained inflation. In addition, the Reserve Bank of Australia has once again highlighted the need to maintain a policy of stable interest rates.
The price of the Australian dollar is highly dependent on the state of China's economy, which is a major importer of Australian goods. Given the weak economic performance of the Australian economy and a slowdown in China, we maintain a medium-term negative outlook for the Australian dollar with the objectives of 0.92 and 0.89.