AUD/USD to plunge towards 0.65 by the Q4 – Scotiabank

FXStreet Insights Team FXStreet

The Australian dollar (AUD) has given back around half of the rebound made in the wake of the March 2020 pandemic low. Analysts at Scotiabank expect the AUD/USD to tumble towards 0.65 in the fourth quarter.

RBA key rate to reach 2.50% by year-end

“We see the Reserve Bank of Australia (RBA) key rate reaching 2.50% by year-end (from 1.85% currently) whereas swaps are pricing in the policy rate near 3.25%.”

“We see some downside risk in the AUD outlook over the balance of the year and forecast 0.65 for Q4.”

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FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

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