May 18, 2022 11:30 AM +05:00
AUD/USD unpredictability might ascend in the week ahead, with the Australian political race and key work information due. These will be basic to screen, particularly after the distribution of feeble information out of China – Australia’s biggest exchanging accomplice – recently.
Worry about the effect of nearby COVID-19 measures on financial movement could send a chilling impact past Australia, possibly cooling the craving for unsafe resources.
Raising pressure over the Ukraine war and the possible affirmation of Sweden and Finland into the North Atlantic Treaty Organization (NATO) could intensify negative shockwaves. Interest for liquidity could push the US Dollar higher while at the same time coming down on the AUD and supporting the pair’s breathtaking downfall.
