- Analytics
- News and Tools
- Market News
- EUR/AUD to drop back to 1.59, AUD/NZD to edge towards 1.12 in a six-month view – Rabobank
EUR/AUD to drop back to 1.59, AUD/NZD to edge towards 1.12 in a six-month view – Rabobank
The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report.
AUD/USD at risk of dips to 0.62 on a three-month view
While we expect broad based USD strength and weak risk appetite to push AUD/USD back to 0.62 on a three-month view, we see the relatively better economic outlook in Australia to result in the AUD outperforming both the NZD and the EUR.
We see scope for EUR/AUD to drop back to 1.59 on a six-month view and see potential for AUD/NZD to edge towards 1.12 in a six-month view.
We expect NZD/USD to dip to 0.57 on a three-to-six-month view.
© 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
