AUD/USD: the pair is still under pressure. Fundamental analysis as of 24.05.2016

Forex analytics: Since opening of today’s trading session the pair AUD/USD continued to decline. On 3 May RBA has lowered interest rate to the level of 1.75% for the first time this year. Market participants incorporate in price another reduction in the interest rate before the end of this year. Some economists believe that Central Bank of Australia will continue to lower interest rate in 2017. Recently, RBA ...