AUD/USD: Forecast for Q4 and beyond revised lower – CIBC
|AUD faced a difficult August. Economists at CIBC Capital Markets analyze Aussie’s outlook.
August sell-off to partially reverse over the medium-term
We have revised our AUD/USD forecast for Q4 and beyond lower, given the backdrop of weak Chinese growth and risks to global growth.
While the continuation of negative Chinese sentiment and potential downside in risk will be a major headwind for the AUD, a potential hawkish repricing of the RBA should limit AUD downside.
CPI and employment reports will be vital for our call of one more RBA hike
AUD/USD – Q4 2023: 0.63 | Q1 2024: 0.63
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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.