Australian dollar and New Zealand dollar remain resilient despite facing trade w
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The Reuters survey shows that Australian dollar and New Zealand dollar will remain resilient this year, even if global trade war worries cause foreign exchange market to fluctuate fiercely.
A Reuters survey of 33-47 analysts showed that the Australian dollar AUD=D4 was stable in the future, and it was expected to report 0.7700, 0.7800, 0.7720 and 0.7900 dollars a month, three months, six months and a year later.
The prediction of abnormal ease is different from the usual trend of Australian dollar. For example, in 2017 the Australian dollar low of $0.7165, about $0.8125, slightly higher than the $0.7800 before the end of the year. The Australian dollar is currently quoted at $0.7684.
A $1 at the end of 2018 to start the trend of strong, had risen to two and a half high of $0.8136.
But the Australian dollar has fallen from a variety of factors, including the accelerated pace of interest hike in the United States and the concern that President Trump has announced a trade war after the announcement of import tariffs on specific commodities such as iron and steel. China's tit for tat move towards the US has led investors to worry that the Sino US trade disputes may exacerbate global growth.
In the coming year, the Australian dollar forecast will be delivered within a wider range of 0.7000-0.8600 dollars. The uncertainty may be the cause of this situation.
Although Australia and New Zealand are going to be hit by a decline in trade, most analysts expect the trade war to have a greater impact on the Australian dollar and suggest buying new zealand dollars to protect them.
Indeed, the New Zealand dollar has risen 2.4% this year, and the Australian dollar has fallen by nearly 2%.
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