The Australian dollar tried to rise
21.01.2016
The AUD / USD on Thursday morning attempted to strengthen, but still failed to rise noticeably.
The Australian dollar on Thursday tried to grow on Chinese news, but the continued worldwide risk aversion has reduced these attempts almost to zero .The current quotation in the AUD/USD pair is 0.6912.
The PBOC fulfilled their intention of stimulating the economy by increasing liquidity. On Thursday, the Bank of China has poured into the financial system of the country $ 60.79 billion, or 400 billion yuan. This week is truly a record in terms of the volume of financial injections - last time a weekly intervention of similar magnitude were observed in 2012.
In the financial circles they say, that this was done in order to prevent liquidity shortages in the coming holidays - in the first ten days of February in China they celebrate the New Year according to the lunar calendar. The demand for cash will be very noticeable.
Australia today released statistics on inflation in January. Expectations from the Melbourne Institute showed that this month the consumer price index add 3.6%, well below the December level of 4.0%. Calculations based on expectations regarding inflation forecast the next 12 months. This indicator can be interpreted more as a degree of sentiment. If so, then it is very bad.
Other statistics showed that new home sales in Australia at the end of November 2015 fell by 2.7% against the fall in October of 3.0%. The reduction in sales has been observed for three months in a row, and the population is reducing spending on furnishing and light repair. The lower the figure, the worse for the Aussie. In the components of the release it can be seen that the main sales have fallen in the sector of apartment buildings.
RoboForex Analytical Department
The Australian dollar on Thursday tried to grow on Chinese news, but the continued worldwide risk aversion has reduced these attempts almost to zero .The current quotation in the AUD/USD pair is 0.6912.
The PBOC fulfilled their intention of stimulating the economy by increasing liquidity. On Thursday, the Bank of China has poured into the financial system of the country $ 60.79 billion, or 400 billion yuan. This week is truly a record in terms of the volume of financial injections - last time a weekly intervention of similar magnitude were observed in 2012.
In the financial circles they say, that this was done in order to prevent liquidity shortages in the coming holidays - in the first ten days of February in China they celebrate the New Year according to the lunar calendar. The demand for cash will be very noticeable.
Australia today released statistics on inflation in January. Expectations from the Melbourne Institute showed that this month the consumer price index add 3.6%, well below the December level of 4.0%. Calculations based on expectations regarding inflation forecast the next 12 months. This indicator can be interpreted more as a degree of sentiment. If so, then it is very bad.
Other statistics showed that new home sales in Australia at the end of November 2015 fell by 2.7% against the fall in October of 3.0%. The reduction in sales has been observed for three months in a row, and the population is reducing spending on furnishing and light repair. The lower the figure, the worse for the Aussie. In the components of the release it can be seen that the main sales have fallen in the sector of apartment buildings.
RoboForex Analytical Department
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Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.