Via Rabobanbk analyst Foley on the Australian dollar, in brief.
AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year.
Citing:
- a firm US dollar
- headwinds due to China’s economy
Also notes potentially rising political uncertainty ahead of Australia’s federal election in May, a deterioration in Australia’s budget and current account positions.
Earlier from Australia, another huge job number, although full time jobs declined while part-teime surged:
- Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)
- Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report
This article was written by Eamonn Sheridan at www.forexlive.com.
#Rabobank #sees #weaker #AUDUSD #ahead #forecast #Forexlive
AUD/USD Australian dollar forecast
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