- Analytics
- News and Tools
- Market News
- AUD/USD to surge higher to 0.79 by end-June – Westpac
AUD/USD to surge higher to 0.79 by end-June – Westpac
FXStreet reports that economists at Westpac forecast the aussie at 0.79 by the end of the second quarter.
“An extension to 0.7500 or below is plausible so long as the US dollar draws support from an economic rebound fuelled by a huge fiscal injection and rapid vaccine rollout. But our base case remains for the Aussie to trend higher, to 0.79 by end-Q2 and higher again in H2 21.”
“Australia continues to run historically very large trade surpluses, with Q1 set to be the eighth consecutive quarter of current account surpluses. A$ should benefit from anticipation of a synchronised global recovery over 2021, especially in Asia.”
© 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
