Aud/USD is more stable on the US dollar weakness (USD) and improving Chinese economic activity, according to the BBH FX report.
Wide USD pushes AUD/USD to the top
“Australian treasurer, Jim Chalmers, warned that Hurricane Alfred is estimated to reduce the Q1 GDP by -0.25 points and lead to upward pressure on inflation. RBA will search through this temporary negative show shock.
“The Labor Market Report in Australia is scheduled to decide on Wednesday. Meanwhile, the future decades of money will continue in approximately 75 bottles per second during the next twelve months with the next 25bps reduction in July.”
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