- Analytics
- News and Tools
- Market News
- AUD/CNY tests June lows below 4.80 - Westpac
AUD/CNY tests June lows below 4.80 - Westpac
AUD/CNY tests June lows below 4.80 - Westpac
FXStreet notes that economists at Westpac believe AUD/CNY is likely to see fresh multi-month lows in the near-term but expect the pair to move back up to 5.05 by year-end on broad-based USD weakness.
“Short-term, AUD/China should remain sensitive to swings in sentiment, with plenty of uncertainty remaining over the US election and myriad other sources of volatility, so fresh multi-month lows seem likely.”
“By year-end however, we expect US dollar trend depreciation to have resumed. This tilts AUD/China higher once again, returning to around 5.05.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
