AUD/USD to soften over the medium term despite hawkish RBA – Wells Fargo By MSalordFX AUDUSD RBA Banks
“In an environment of positive economic momentum and above-target underlying inflation, the Reserve Bank of Australia has turned more hawkish. In its April statement and minutes, the RBA said that faster inflation and a pickup in wage growth have moved up the likely timing of an initial rate hike. More specifically and arguably more notable, policymakers opted to drop the "patient" language from its official statement, further cementing the hawkish shift in tone.
“We forecast the AUD/USD exchange rate to reach 0.6700 by Q3-2023. However, we believe the risks are tilted to the upside. Should inflation prove to be more persistent, the currency could experience a more gradual pace of depreciation than our base case forecast suggests.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
AUD/USD: RBA to support the aussie if sends out hawkish signals – CommerzbankThe Reserve Bank of Australia (RBA) is likely to initiate monetary policy normalization on Tuesday. The Australian dollar could benefit from the decis
Baca lebih lajut »
AUD/NZD: Scope for a push towards 1.14 – WestpacDespite a wobble late April, AUD/NZD has rallied solidly since mid-March, in a channel from just above 1.06 to just below 1.10. Economists at Westpac
Baca lebih lajut »
AUD/USD Price Analysis: Bears on the prowl but US dollar stumblesAUD/USD will be in focus for the open given yet further disappointments in Chinese data from the weekend, China's purchasing managers indices fell dee
Baca lebih lajut »
AUD/USD Price Analysis: Looks to test yearly lows at 0.6970The AUD/USD pair is scaling lower sharply after slipping below the previous week’s low at 0.7055. The asset has continued its two-day losing streak on
Baca lebih lajut »