S&P: It is possible, but not certain, that Australia economy can manage a soft landing
<p>S&P on Australia:</p><ul><li>It is possible, but not certain, that the Australian economy can manage a "soft landing" with inflation decreasing to the RBA’s target range.</li><li>The key risk is that inflation in Australia is more sticky than expected and the RBA has to hike interest rates more strongly.</li><li>We expect continued expansion in 2023 and 2024 and unemployment to rise moderately.</li><li>If the rise in Australian unemployment rate can be limited to around one percentage point, economic & financial fallout should remain manageable.</li></ul><p>The AUDUSD has moved higher and above the 100 hour MA at 0.6553, and to a high of 0.6563, but has rotated back to the 100 hour MA. Can the buyers hold the MA line now? </p>
This article was written by Greg Michalowski at www.forexlive.com.
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