Aussie appears likely to decline – Wells Fargo

FXStreet Insights Team FXStreet

Economists at Wells Fargo discuss the outlook of a range of currencies such as SEK, CHF and AUD.

The Krona is likely to soften

The Krona is likely to soften, given a particularly weak Swedish economy, while the Swiss Franc should also soften, given a probable end to Swiss monetary tightening.

The Australian Dollar also appears likely to decline as a subpar Chinese economy continues to weigh on Australian economic prospects, and as we see, the Reserve Bank of Australia is likely to hold interest rates steady at upcoming meetings.

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FXStreet Insights Team

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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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