Multiple External Negative Factors Weigh Down The Aussie Dollar

The P Australian dollar against the US dollar fell sharply again on Tuesday (March 11th) after entering the New York session, breaking away from the 0.9040 day line high position recorded before, and directly below 0.9000 this important integer psychological barrier.

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"P > push a href=" //www.sjfzxm.com/news/index_cj.asp "> Australian dollar > /a > crash is the fuse that the CIA director said publicly that it was impossible to exclude the possibility that the Malaysia Airlines MH370 airliner that had been missing for four days was attacked by terrorist attacks, which made investors' investment sentiment in the Asia Pacific market deteriorate again, and this also led to the emergence of more Australian dollar sell-off.

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Less than P, China's trade and inflation data released at the end of last week (8-9 March) were lower than expected, causing an indirect blow to the Australian economy which relied heavily on the Chinese market in terms of trade and economic cooperation. The exchange rate of the Australian dollar against the US dollar has continued to bear pressure since this week, basically reflecting the gains of last week.

After that, Australia's more economic data will have a further impact on the foreign exchange market.

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Analysts at P < a href= "//www.sjfzxm.com/news/index_cj.asp" > Royal Bank of Scotland (/a) (RBS) pointed out that the bank still sees empty prospects for the Australian dollar against the US dollar in the future, because on the one hand, the sustained slowdown of China's economic growth will continue to keep pressure on the Australian dollar exchange rate. On the other hand, the accelerated recovery of the US economy is bound to push the US dollar stronger.

However, if the Australian employment data released on Thursday (March 13th) are in good condition, the Australian dollar exchange rate may still be temporarily supported.

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< p > at present, the < a href= "//www.sjfzxm.com/news/index_cj.asp" > Australian dollar exchange rate < /a > has approached the lows 0.8973 of last Thursday (March 6th). If it falls, it will challenge the support of low Wednesday 0.8934 of last Wednesday.

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< p > further support for the 50 day moving average of 0.8926 points will mean the reverse of the trend and the opening of the larger downlink.

The rebound force at the top is 0.9049 higher in the day, followed by a high of 0.9064 on Monday (March 10th), then 0.9135 on Friday's high level, which will challenge the high 0.9152 at the end of last year.

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< p > Beijing time 02:39, Australian dollar to us dollar 0.8975/79.

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< p > "the devaluation of the RMB is mainly influenced by the low price of the intermediate price. If the middle price is still a policy signal, it means that the central bank intends to guide the RMB to continue to depreciate."

China Merchants Bank [-2.17% Fund Research Report] Liu Dongliang, head office analyst, said.

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On Monday, the Central Bank of the central bank dropped sharply in the middle of the new year. The move also reversed the expectation that the market was basically in place for the current p depreciation.

Originally expected, during the "two sessions", in order to avoid the market fear caused by the continued depreciation of the renminbi, the central bank's guidance on the current depreciation of the renminbi will come to an end.

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< p > "because China's economic fundamentals are good, and the market generally believes that the central bank dominates the current round of devaluation, it is considered that the depreciation rate will not be very large. Therefore, many institutions do not think that they will depreciate too much. In order to avoid the counterattack of institutional arbitrage funds, the central bank needs to curb speculation through the dual volatility of the RMB exchange rate."

Yu Rui holds investment macro strategy analyst Li Qilin to say.

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