#AUDUSD @ 0.70744 seen at 0.75 on a 12-month view – Rabobank
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
AUD/USD has regained the position of best-performing G10 currency in the year to date. The pair is expected to suffer a drop by the middle of 2023 but economists at Rabobank have edged up their 0.75 target to 12 months from 15 months.
“We continue to expect the AUD to perform well this year relative to a basket of G10 currencies. That said, we look for a dip in the value of AUD/USD around the middle of the year. This is linked with our expectation that the market will price out expectations of a Fed rate cut before the end of 2023.”
“We have edged up our AUD/USD forecast and have brought forward our 0.75 target to 12 months from 15 months.”
[/s2If]
Join Our Telegram Group
