- Analytics
- News and Tools
- Market News
- AUD/USD: Outlook remains modestly negative – Danske Bank
AUD/USD: Outlook remains modestly negative – Danske Bank
Analysts at Danske Bank forecast the AUD/USD pair at 0.68 in a month, at 0.68 in three months and at 0.67 in a six months period.
Key quotes:
“The Reserve Bank of Australia (RBA) paused its hiking cycle in March following the banking sector uncertainty. After the strong March employment data, markets now price in around 70% probability of one more hike over the summer, which we consider fair.”
“With the global growth backdrop remaining weak and central banks broadly still on a tightening bias, the outlook for AUD/USD remains modestly negative. If April macro data shows, that the negative impact from the banking sector worries has been limited, then recovering risk sentiment could give the cross a short-term lift. But over the 6-12M horizon, we stick to a downward-sloping forecast profile.”
© 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
