Daily Bulletin: AUD Volatility: Preparing for an uncertain future
The AUD has endured some turbulent times during the past financial year. The conflict in Ukraine, rampant global inflation, aggressive interest rate hiking cycles, both in Australia and abroad, and China’s COVID-19 lockdowns and subsequent reopening are some of the events that have triggered AUD volatility over the past 12 months. Peter Dragicevich, 91¿ì»îÁÖ Cross-Border 91¿ì»îÁÖ' Currency Strategist for the Asia Pacific (APAC) market, shared with Daily Bulletin that the sharp rise in interest rates and tighter monetary policy suggests that things will get worse before they start to look better for the global and local economy. Read more here:
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