AUD/USD: Aussie to gain a tailwind ahead – CIBC – by FXstreetNews AUDUSD Currencies Banks
“We are maintaining our view of a stronger AUD going forward. This is largely predicated on our forecast for a weaker US dollar, alongside the benefits from the ongoing reopening of China’s economy. Earlier this month, the RBA announced that they would hold the policy rate at 3.60%, while softening language around the need for more rate hikes.
“Overall, a broadbased decline in the USD, alongside Chinese demand for Australian exports should continue to lift the AUD over the medium-term.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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