SaxoTV

Hardy: Why AUD could trade to new lows against USD

77 views
June 01, 2015 asia, asian markets, aud, audusd, aussie dollar, australia, australia cash rate, australia central bank, australia currency, australia economy, australia rates, australian, australian central bank, australian dollar, australian dollar forex, australian economy, australian rates decision, australian reserve bank, bank, cash rate decision, central bank meeting, central bank policy, central banks, currencies, currency, currency pairs, currency trading, foreign exchange, forex, forex idea, forex market, forex markets, forex saxo bank, forex trade idea, forex trading, forward guidance, fx, fx market, fx markets, fx strategy, fx trade, fx trading, interest rates, reserve, reserve bank, reserve bank of australia, reservebankofaustralia, saxo, saxo bank, saxo bank forex, saxo bank group, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo capital markets, saxo traders, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxobank.com, saxotrader, saxotv, trade, trade idea, trade ideas, trade view, trader, traders, trades, trading, trading floor, trading fx, trading idea, trading platform, trading risks, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com saxo tv, tradingfloorcom
The Reserve Bank of Australia is expected to maintain its cash rate at two percent when it meets on Tuesday after cutting it twice this year. This means that focus will be on the central bank’s forward guidance, says Saxo Bank’s John Hardy.

The Aussie dollar rose despite a rate cut in May, so Hardy expects the Reserve Bank to issue clearly dovish guidance at its meeting. This could see AUD trading to new lows against the US dollar, Hardy says.