AUD/USD Fundamental Analysis – August 18, 2015 – Forecast

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Published: Aug 17, 2015, 04:33 UTC

Analysis and Recommendation: The AUD/USD dipped 4 points against a strong US dollar as traders saw the dollar climbing as it looks more likely that the

AUD/USD Fundamental Analysis – August 18, 2015 – Forecast

Analysis and Recommendation:

The AUD/USD dipped 4 points against a strong US dollar as traders saw the dollar climbing as it looks more likely that the Fed will start increasing interest rates in September after a slew of strong data last week. The Reserve Bank of Australia (RBA) will be releasing its minutes on Tuesday, but Turner said the amount of new information will possibly be limited. A number of RBA speakers over the past week have given more clarity around the Reserve Bank’s intentions.

“There’s always an event risk but we’re not expecting much to come from Australia,” Turner said.

Elsewhere in the world, Euro zone finance ministers have agreed to lend Greece up to €86 billion ($146 billion) after Greek lawmakers accepted their stiff conditions, despite a revolt by supports of leftist Prime Minister Alexis Tsipras.

The minutes of the Fed’s July policy meeting, due out early on Wednesday, are expected to show that there is a general agreement among the central bank’s members to soon make the first interest rate rise in nine years.

National Australia Bank global co-head of FX strategy Ray Attrill said that brought some confidence into the market, which helped the Australian dollar cut some of its losses.

With very little economic news out on Monday, trade has been quiet, and investors are waiting for the release of the Reserve Bank of Australia board meeting minutes on Tuesday and the US Federal Reserve July policy meeting minutes, due early on Thursday morning.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.

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