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- AUD/USD to tick down amid covid and Chinese related risks – Danske Bank
AUD/USD to tick down amid covid and Chinese related risks – Danske Bank
FXStreet reports that economists at Danske Bank maintain their forecast for lower AUD/USD.
“The Reserve Bank of Australia expects higher vaccine coverage to ease the situation towards the year-end, but in the near-term outlook remains uncertain. RBA’s August minutes signalled a willingness to react if the situation continues to worsen.”
“Despite the delta variant, we still expect Fed to move forward with the monetary tightening, and the outlook for stronger broad USD will be a key driver of lower AUD/USD as well.”
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