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AUD/USD to remain stuck in the middle of 0.63 - 0.65 range: China woes, dovish RBA

AUD/USD to remain stuck in the middle of 0.63 - 0.65 range: China woes, dovish RBA
This snippet via Mizuho on the Australian dollar. In a (very) brief summary of the piece:China Woes: The sheer magnitude of balance sheet and cash-flow shocks mean stimulus, including rate cuts are mere signals not solutions.Especially as further property sector and wealth management product risks threaten with fresh balance sheet and cash-flow shocks.fresh assaults on CNY stability pose an overarching policy challenge and dilemma; given sharp stimulus and stability trade-offs.And thus to the AU... Read More
Posted: Aug 22 2023, 02:12
Author Name: forexlive
Views: 112215

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