The forex strategist John Kyriakopoulos in NAB said early in the forex market on Tuesday (January 18), when the affection of the flood in Queensland was decreased, the economy started to get a recovery again, and the forex price of AUD/USD is predicted to get another strong surging up trend in the later half of this year.
Kyriakopoulos claimed that the expectation of the appreciation action of RBA is re-burned and the forex price of AUD/USD would rise up sharply. He believed that the GDP data in Australia of the second quarter would not get a rebound. So long as the flood affection was decreased the economy would be recovered again.
After Tokyo decided its interest rate the forex price of AUD/USD was maintained at above 0.9900 and got an adjustment there, before that this forex price was stabilized at 0.9850, and in the previous night the highest point it had reached was at 0.9964.
The forex price of AUD/USD was reported to be at 0.9923/26 at 08:31 Beijing time.
Edited by Laura in Ikon Group.
Kyriakopoulos claimed that the expectation of the appreciation action of RBA is re-burned and the forex price of AUD/USD would rise up sharply. He believed that the GDP data in Australia of the second quarter would not get a rebound. So long as the flood affection was decreased the economy would be recovered again.
After Tokyo decided its interest rate the forex price of AUD/USD was maintained at above 0.9900 and got an adjustment there, before that this forex price was stabilized at 0.9850, and in the previous night the highest point it had reached was at 0.9964.
The forex price of AUD/USD was reported to be at 0.9923/26 at 08:31 Beijing time.
Edited by Laura in Ikon Group.