AUD Looking like it is heading south down to 0.69 in April
-Reasons
1. USD will go up further due to inflation and big interest rate hikes
2. RBA will not raise rates till 2023 as inflation is very low
3. RBA is not happy with wage price index not going up
4. Chinese inflation is declining meaning less buying of Aussie commodities
5. China is controlling iron ore pricing with new structure so they will lower the price of iron ore which is Australias biggest export
1. USD will go up further due to inflation and big interest rate hikes
2. RBA will not raise rates till 2023 as inflation is very low
3. RBA is not happy with wage price index not going up
4. Chinese inflation is declining meaning less buying of Aussie commodities
5. China is controlling iron ore pricing with new structure so they will lower the price of iron ore which is Australias biggest export