MUFG Bank says it is initiating a "long AUD/USD trade idea" based on "building investor optimism towards the growth outlook in China and globally" after recent policy changes in the U.S. and China.
Australian Dollar Tops The Leaderboard
- Category: AUD
The Australian Dollar is today's best-performing currency as China-linked assets rose after China's leaders called for fresh stimulus to bolster the economy.
Australia's monthly rate of inflation has finally fallen into the Reserve Bank of Australia's target band, in an early signal that victory in the fight against rising prices is at hand.
The Australian Dollar is down against the majority of its currency peers after the Reserve Bank of Australia (RBA) hinted that it was taking a path towards its first interest rate cut.