- Analytics
- News and Tools
- Market News
- AUD/USD will struggle to move beyond 0.67 on a three-month view – Rabobank
AUD/USD will struggle to move beyond 0.67 on a three-month view – Rabobank
Economists at Rabobank discuss AUD/USD outlook.
Scope for AUD/USD to reach 0.70 next year
While the expectation of further policy tightening should lend the AUD support, on the downside concerns over the sluggish recovery in China and the drop in iron ore prices from their March highs will dampen the outlook for the AUD.
Given our view that the USD will continue to garner support as the market prices out Fed rate hikes this year, we expect that AUD/USD will struggle to move beyond 0.67 on a three-month view.
We see scope for AUD/USD to reach 0.70 next year as the Fed prepares to reduce interest rates and risk appetite increases.
© 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
