- Analytics
- News and Tools
- Market News
- AUD/USD: Downside correction should fade in H1 with better prospects beyond – MUFG
AUD/USD: Downside correction should fade in H1 with better prospects beyond – MUFG
After a positive January, the Australian Dollar turned lower in February and wiped out all the gains for the year. Economists at MUFG Bank expect the AUD/USD pair to recover in the second half of the year.
Further downside for AUD/USD over the short-term
“With the Fed rhetoric so hawkish we suspect over the short-term, we can see further downside for AUD/USD.”
“China data will be important in March covering Jan/Feb and we may well see evidence of pent-up demand post re-opening that may help limit AUD downside.”
“China commodity-related demand and the scope for the Fed to pause at some point in Q2 should add to a renewed upturn in demand for AUD in H2 this year.”
© 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
