Ian Cragg Ian Cragg

Send Payments Weekly trading update.

Send Payments Weekly Trading Update. In The News 🌏 Market Conditions and What to look out for this Week 🗓️

AUD: Under Pressure – Commerzbank

  • The Australian Dollar (AUD) is under significant pressure, losing about 0.7% against the US Dollar (USD), according to Commerzbank’s FX analyst Volkmar Baur.

  • The AUD was affected by lower-than-expected inflation, which has reduced expectations for further rate hikes by the Reserve Bank of Australia (RBA). The RBA are due to announce Australia’s interest rate on Tuesday at 2:30pm, there is no expected change.

  • The AUD's strong reaction also seems tied to ongoing economic weakness in China, Australia’s largest trading partner. Weakness in China, especially in the housing market, could impact Australian exports and thus the currency.

Read More