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- AUD to outperform most significant crosses as the global recovery matures – ANZ
AUD to outperform most significant crosses as the global recovery matures – ANZ
FXStreet reports that analysts at ANZ Bank maintain the year-end target of AUD/USD at 0.82.
“Domestically, despite a couple of COVID-19 scares, labour market data and business conditions continue to surprise to the upside. Improving data and easy financial conditions globally suggest domestic policy will emerge as a tailwind for the AUD, as an extension of the RBA’s QE program is drawn into question.”
“Globally, we expect risk appetite and confidence in the reflation dynamics to be the key driver for the currency. A broad vaccine rollout is expected to evolve into a strong growth rebound as key industries reopen.”
“We maintain our AUD/USD year-end target at 0.82 and expect the AUD to outperform most G10 peers as the global recovery matures.”
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