

Australian Dollar Hits 19-Month Peak while Kiwi Reaches Yearly Highs

The Australian dollar climbing coming close to a level not touched since early 2023. Breaking these levels has opened the door for further movement. This momentum has been largely driven by hopes that China’s latest round of stimulus will provide a much-needed boost to demand, especially for Australian commodities. For the New Zealand dollar a rise overnight, has brought it within striking distance high. Australia’s inflation report showed that prices dropped, bringing annual inflation down. This marked a three-year low, falling within the Reserve Bank of Australia’s (RBA) target. Read more to find out why AUD bullish.

AUD outlook

Disclaimer:

Traders should remain discipline in risk management as domestic factors could undermine confidence in the fiscal and monetary stability.

Publication date:

2024-09-28 08:10:16 (GMT)

The terms and conditions of use set out below (referred to as "FX Blue's Terms"), form a contractual agreement governing FX Blue's relationship with you in relation to your use of this Website (“Agreement”) and you agree to be legally bound by FX Blue's Terms just as if you had signed this Agreement. By using this Website and any Information, you are agreeing to comply with and be bound by FX Blue's Terms, including any revisions that may be made to FX Blue's Terms from time to time. FX Blue reserves the right, in FX Blue's sole discretion, to change, modify, add or remove portions of FX Blue's Terms at any time by posting the revisions on the Website. You should check FX Blue's Terms periodically for changes as by using the Website after FX Blue posts any changes to FX Blue's Terms, you are agreeing to accept those changes, whether or not you have reviewed them, and you waive any right you may have to receive individualised notice of such changes. FX Blue's Terms may be supplemented by additional terms and conditions pertaining to specific content and activities. You agree and understand that such additional terms and conditions are hereby incorporated by reference to FX Blue's Terms. Your continued use of the Website means that you accept any new or modified FX Blue Terms.