FXStreet — The Australian Dollar has fallen against the US Dollar in may, repeatedly, under pressure, declared the market analysts of the Japanese Nomura Bank.
Some market participants use this as a reason like seasonality, but a deeper analysis shows that some macro-led-economic developments to this course anomalies.
A narrowing of the Austral belong to-us 2Y Swap Spreads, as well as a strong decline in the price of raw material prices and a stronger US Dollar due to geopolitical or monetary policy factors. We do not expect that this will also happen this year.
We expect that the AUD/USD on its course of consolidation. However, the Australian Dollar against other currencies is expected to show how the Euro, a weaker Performance.
** FXStreet News Editorial, FXStreet**