AUD/USD to remain below the 0.68 mark over the coming months – Danske Bank
|The uncertainty related to financial stability concerns has weighed on risk-sensitive currencies, and not least the Australian Dollar. Economists at Danske Bank expect the Aussie to struggle to gain ground.
Easing financial stability concerns could provide a modest lift in the near-term
“While reopening in China and the boost to relative rates are supportive for AUD all else equal, we emphasize that the broader risk sentiment remains the main driver for now.”
“Easing financial stability concerns could provide a modest lift to AUD/USD in the near-term, but over the longer horizon, we expect the broad USD strength and push towards maintaining global financial conditions restrictive to weigh on the cross.”
“Forecast: 0.68 (1M), 0.67 (3M), 0.66 (6M), 0.66 (12M).”
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.