hsbc.co.uk The Decline of AUD Appears to Be Continued

hsbc.co.uk The Decline of AUD Appears to Be Continued

Friday(July 12th) Morning session of Asian Market, the Australian dollar(AUD) against its American counterpart will continue to fall and are trading around the 0.9161mark.
Foreign exchange research team of hsbc.co.uk believed that there would be three themes to ensure the continuous decline of AUD.
These three themes include: Fed cuts down the bond buying scale, RBA looks forward to the weakness of the AUD, and China's economic growth slows.
hsbc.co.uk also said that the market expectation of slowing growth of Asian economic, especially in China, may cause AUD continue to sell order./Mei Zhu