Australian Dollar Forecast: The US Dollar Remains in Charge of the AUD/USD

 

Forecast for the AUD: Bearish

  • The US Dollar still has control over the Australian Dollar.
  • Inflation targeting monetary policy works, but some observers still need to remember that.
  • After the RBA, it is the Fed’s time to act. Does it increase AUD/USD?

During the first few days of the week, the Australian Dollar fell before settling over the weekend and rising above 68 cents.

The RBA rate decision had little effect on the currency, but this week’s Federal Reserve decision may have a greater influence.

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EDGE-FOREX

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