- Analytics
- News and Tools
- Market News
- AUD/USD: Aussie to gain a tailwind ahead – CIBC
AUD/USD: Aussie to gain a tailwind ahead – CIBC
Analysts at CIBC point out the Australian Dollar should receive a lift from broad US Dollar weakness in 2023, and demand for exports supported by China's re-opening.
Key quotes:
“We are maintaining our view of a stronger AUD going forward. This is largely predicated on our forecast for a weaker US dollar, alongside the benefits from the ongoing reopening of China’s economy. Earlier this month, the RBA announced that they would hold the policy rate at 3.60%, while softening language around the need for more rate hikes. However, we expect one more 25bps hike for the RBA in early May, given our expectations of a firm upcoming CPI print, and still hawkish rhetoric from Governor Lowe.”
“Overall, a broadbased decline in the USD, alongside Chinese demand for Australian exports should continue to lift the AUD over the medium-term.”
© 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
