AUD/USD forecast to 0.8150, not high enough yet make the RBA angry


AUD/USD forecast to 0.8150, not high enough yet make the RBA angry


An updated Australian dollar forecast via CIBC, 0.8150 by the of H1.

Citing (in summary):

  • combination of rebounding domestic activity and much-improved trade and current account positions … factors (that) have been sustained and now strengthened
  • global reflation enthusiasm
  • a broad rally in commodity prices
  • Policy support has been confirmed to remain for some time yet, and absent a downturn, the positive trend for the AUD should remain intact
  • ongoing yield demand to keep the cross firm
  •  We are aware that AUD levels risk reaching a point that could raise the ire of the RBA. We don’t believe we are there yet

RBA Gov Lowe 

An updated Australian dollar forecast via CIBC, 0.8150 by the of H1.

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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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