AUDUSD seen easing to 0.7400 by year-end - Westpac

Dhwani Mehta FXStreet

According to a morning note published by the analysts at Westpac, the Aussie is seen dropping to 0.7400 levels on RBA’s steady monetary policy stance.

Key Quotes:

“Much of AUD/USD's gains have been driven by broad US dollar weakness. But there has also been a partial recovery in Australia's key commodity prices, after very steep declines in April and May. However, beyond multi-week gains, a firmly on hold RBA is likely to keep a lid on AUD/USD, easing to 0.74 by year-end.“

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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