Reference no: EM131223448
You are a foreign exchange analyst at CBA.
Prepare a brief outlining what you believe will be the forecast for the AUD/USD exchange rate in 2017.
Draw Supply Demand Graph how does it effect. Your home country is Australian. You have already collated several sources of information on the major determinants and have summarized them as follows:
A report has recently been released indicating that World commodity prices are set to fall over the next 12 months due to the slowing in the Chinese economy. Inflation rates in Australia are forecast to be 4.5% in the coming year, significantly higher than the 2% inflation forecast for the USA next year.
An added factor affecting foreign exchange markets is the predictions that the difference between the Australian and US rates will narrow in the coming 12 months - current Australian rates are 1.75%, current US rates are 0.500% but there is a belief in markets that the US may raise its interest rates again soon to 1%.
Finally, OECD (Organization for Economic Co-operation and Development) estimates indicate that the rate of economic growth in Australia is likely to be slower that the US rate of growth for the first time since the GFC. Outline the impact of this information on the likely value of the AUD relative to the USD over the coming year. Treat the events separately but in conclusion provide an overall impact on the direction of the AUD. Use calculations and graphical analysis to support your argument where appropriate.
Attachment:- Assignment.rar
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