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We see scope for AUD/USD to finish the 12 months round zero.68 – Rabobank

“Along with home knowledge, the AUD is more likely to proceed reacting to the great and the unhealthy information relating to the Chinese language economic system with which it’s closely uncovered to as a result of commerce,” Rabobank analysts word.

Key quotes

“As China stimulates its economic system to fights the consequences of a commerce wars, Australia exporters could breathe a sigh of reduction within the first occasion. Nonetheless, the necessity to assist development suggests the potential for draw back strain on the CNY within the months forward and this can be a danger to China’s buying and selling companions.”

“We see scope for AUD/USD to finish the 12 months round zero.68. We count on NZD/USD to development decrease in direction of zero.63 on a 12 mth view.”


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