AUD / USD.
Without any emotion, Australian investors accepted the new "reform" of Trump about the increase in tariffs for metal. The Australian dollar lost 5 points a day. Commodity markets collapsed; iron ore -1.19%, copper -1.28%, aluminum -0.7%, oil -1.34%. Macroeconomic indicators of Australia came out weak yesterday. The production activity index from AIG in February fell from 58.7 to 57.5. Investments in construction for the fourth quarter shrank by 2.1%. Private investment for the quarter decreased by 0.2% against the forecast of + 0.9%. As of this writing, the Australian stock index S & P / ASX200 loses 0.79%. The 5-year government bond yields in Australia fell from 2.360% to 2.31%, which supports AUD / USD in a downward trend.
We are expecting the Australian dollar at 0.7645.
* The presented market analysis is informative and does not constitute a guide to the transaction.
