- Analytics
- News and Tools
- Market News
- AUD/USD: Downside risks are still quite elevated amid external challenges – ING
AUD/USD: Downside risks are still quite elevated amid external challenges – ING
The Reserve Bank of Australia (RBA) duly delivered the 50 bps rate hike expected. In the opinion of economists at ING, rates may now increase at a slower pace over the remainder of the year, and AUD may struggle to recover amid external challenges.
AUD remains vulnerable
“The RBA policy has not been a major driver of AUD moves since the start of the year and today’s quite muted reaction to the 50 bps rate hike is another case in point. Incidentally, a switch to 25 bps rate increases from now on may force some dovish re-pricing in the RBA rate expectation curve.”
“As external factors – in particular risk sentiment and China’s outlook – remain key for the AUD outlook in the near-term, downside risks are still quite elevated.”
“Our forecasts for AUD/USD still embed a small recovery by year-end but are mostly justified by USD seasonal weakness in December and any rally may still struggle to go far beyond the 0.70 mark.”
© 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
