- Analytics
- News and Tools
- Market News
- AUD/USD: Potential for a move back above 0.70 in 2024 – Rabobank
AUD/USD: Potential for a move back above 0.70 in 2024 – Rabobank
Economists at Rabobank believe that the AUD/USD pair is unlikely to rise sustainably until the next year.
Further range trading around current levels in the months ahead
“The fall in iron ore prices from their March high and concerns over the pace of growth in China could weigh on the AUD in the months ahead. That said, the easing in trade tensions with China, Australia’s good budget and current account positions combined with a still hawkish RBA should provide support.”
“We expect further range trading around current levels in the months ahead.”
“We see the potential for a move back above AUD/USD 0.70 in 2024 as growth regains traction.”
© 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
