The greenback’s recent loss of favor has helped the Aussie buck rebound from six-year lows. Still, meaningful gains may be tough to sustain for the Aussie given the elevated chance Australia’s Reserve Bank could cut interest rates again, perhaps as soon as bankers’ coming meeting on April 7. Moreover, the return to risk averse trading conditions leave the higher-yielding Aussie on a vulnerable footing since skittish markets soften abandon yield for safety when tensions flare.
The material has been provided by InstaForex Company – www.instaforex.com