AUD/USD: The mid-0.70s are within reach – SocGen AUDUSD Banks RBA
AUD/USD remains well within the striking distance of its highest level since late August. Economists at Société Générale believe that the pair could reach the mid-0.70s.is still dragging its feet and the monetary/fiscal policy mix isn’t helpful, but the rates market is only pricing another 75 bps of hikes from here, so scope for bearish rate surprises is limited for now.”
“We dream of AUD/USD trading in the 0.80s but while that may be too much, the mid-0.70s are within reach.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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