- Analytics
- News and Tools
- Market News
- AUD/USD to push higher later in the year – Rabobank
AUD/USD to push higher later in the year – Rabobank
Having reached a late December high around 0.6871, AUD/USD dipped to 0.6500 this month. Economists at Rabobank analyze Aussie’s outlook.
EUR/AUD to trend lower to 1.5600 on a 12-month view
At first sight, the Australian January Labour data encouraged the view that the economy is cooling, this sparked speculation that the RBA may bring forward the first rate cut of the cycle. That said, it is very likely that policymakers will need a lot more economic data before making a policy decision.
To date, the RBA has remained one of the more hawkish G10 central banks and Rabobank expects that rates are likely to remain on hold until Q4.
Assuming the Fed cuts rates first, this should allow AUD/USD to push higher later in the year.
Reflecting the relative resilience of the Australian economy compared to Germany, we also expect EUR/AUD to trend lower to 1.5600 on a 12-month view.
© 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
