AUD/USD Fundamental Analysis – August 25, 2015 -Forecast

Analysis and Recommendation:

The AUD/USD tumbled to a new 2015 low at 0.7223 down by 89 points even as the US dollar weakened with China the main drag on the markets.  The Australian dollar fell one percent against the U.S. dollar on Monday as investors shunned risk assets over worries that resource exporters such as Australia will be severely affected by a slowdown in the Chinese economy.

Atlanta Fed president Dennis Lockhart is scheduled to speak in the US today, while New York Fed president William Dudley speaks on Wednesday and Fed vice chairman Stanley Fisher will speak this Saturday at Jackson Hole, Wyoming, during the Fed’s annual conference of global central bankers, finance ministers, academics and financial market participants. While Fed chair Janet Yellen won’t attend this year, investors and traders will eye comments from other key members of the Fed for fresh clues about the rate outlook. US second-quarter GDP, due Thursday, is expected to be revised higher to an annualised 3.2 percent from a previous reading of 2.3 percent.

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.

Today’s economic releases:

 

Upcoming Economic Events that you should be monitoring:

Tuesday, August 25, 2015