- Analytics
- News and Tools
- Market News
- AUD/USD: Near-term risks are to 0.6300/50 – Westpac
AUD/USD: Near-term risks are to 0.6300/50 – Westpac
FXStreet reports that economists at Westpac note that Australia’s Covid-19 trend is very encouraging but brutal economic data globally and China tensions suggest near-term risks are to 0.6300/50.
“The headline unemployment rate only rose 1ppt to 6.2% but the underemployment rate of 13.7% is more indicative of the Q2 slump in activity, as is -9.2% for hours worked.”
“Australia’s export outlook remains worrisome and now agriculture such as barley and beef is being threatened by China bans. China’s relations with the US are also deteriorating by the day.”
“AUD/USD rallies should falter in the mid-0.65s, with risks to 0.6300/50.”
© 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
