Normal
Interest rates left on hold weakened the AUD though signals are for a 0.25% increase next time, and I don't expect the AUD1.15 rate before March against the USD. Trading and growth in Europe and America are ongoing factors and thoughts that future winters may not be as bad across the pond.BP's poorer than expected profits may also bear down on the AUD, even if interest rates point to 4.5% before years end.At some point interest rates in America will push on up and that may well coincide with higher interest rates at the short-end both in Europe and the US.
Interest rates left on hold weakened the AUD though signals are for a 0.25% increase next time, and I don't expect the AUD1.15 rate before March against the USD. Trading and growth in Europe and America are ongoing factors and thoughts that future winters may not be as bad across the pond.
BP's poorer than expected profits may also bear down on the AUD, even if interest rates point to 4.5% before years end.
At some point interest rates in America will push on up and that may well coincide with higher interest rates at the short-end both in Europe and the US.
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