Lately, concerns over tariffs have been putting pressure on currencies tied to commodities, such as the Australian dollar. However, there’s a question of whether a robust GDP report could lift demand for the Aussie.
In our detailed review of Australia’s Q4 2024 GDP figures, we’ve identified that a better-than-expected outcome might lead the Reserve Bank of Australia to maintain its cautious approach towards cutting interest rates. Such a scenario could potentially draw more interest to the Aussie dollar.
We’re particularly keen on observing the currency pairs AUD/CAD and AUD/CHF, especially if Australia’s Q4 GDP shows stronger growth than anticipated.
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