AUD/USD seen higher at 0.78 by December 2023 – Nomura

Dhwani Mehta FXStreet

The Australian Financial Review (AFR) cited a bullish outlook on AUD/USD from Nomura’s analysts.

Key quotes

“The Australian dollar accompanying the 0.78 December 2023 forecast.”

“As we move through Q1 and Q2, we expect the RBA to be turning increasingly hawkish as inflation rises, and we expect China’s growth momentum to start to recover as we move into Q2, with further policy support being rolled out.”

“This should support a higher AUD/USD over the course of 2022.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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