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Is it possible for the Australian dollar to rise in the near future?
Can't go up.

1, 20 19, the Australian dollar plummeted, and the major bad news thrown by Apple was also considered to be the chief culprit of this foreign exchange market change.

2. The Commonwealth Bank of Australia predicts that the Reserve Bank of Australia will stabilize the official cash interest rate at 65,438+0% this week, and is still prepared to cut interest rates again when necessary. The bank expects the Reserve Bank of Australia to cut interest rates in 20 19 1 1 and February 2020.

3.2065438+In the early morning of April 24-25, 2009, the exchange rate of the Australian dollar fell freely. From 4.77 1 on 24th to the lowest point of 4.709.

The fall of the Australian dollar exchange rate is not a good thing for Australia. Because since the beginning of 20 18, the Australian dollar has been in a downward trend against the US dollar. Although the impact of the flash crash on Australia is not obvious, it may cause investors to worry about the future trend of the Australian dollar. The continuous decline of the Australian dollar means that the market lacks confidence in the country's economy.