The late 2023 rally in AUD/USD has actually faded rather in early 2024. Financial Experts at Danske Bank evaluate the set’s outlook.
AUD/USD stays securely in the hands of worldwide threat belief
With Australian prominent indications pointing strongly downward, and United States financial information still staying strong, we anticipate relative rates and development to weigh on AUD/USD moving forward.
AUD/USD stays securely in the hands of worldwide danger belief, where the outlook for inflation and rate cuts stays a crucial motorist.
We usually believe that the Fed will select a more steady speed for rate cuts, which will be an encouraging element for broad USD. We keep our downward-sloping projection profile the same.
AUD/USD Forecast: 0.6600 (1M), 0.6400 (3M), 0.6300 (6M), 0.6200 (12M)
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