AUD/USD to trade modestly lower in 12M at 0.67 – Danske Bank AUDUSD China Fed Commodities Banks
have been a headwind. Economists at Danske Bank expect the AUD/USD pair to move gradually lower over the coming months.“We still think AUD is well positioned to gain support from Chinese reopening and the less negative global growth“Higher commodity prices are supportive for AUD all else equal, but they also increase the risk of the Fed turning more hawkish.”
“We continue to look for modestly lower AUD/USD in 12M in line with our view of broad USD strength, but AUD could still gain vis-à-vis other cyclically sensitive currencies, like EUR.”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.
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