News | Forex Optimum



AUD/USD: 12-month forecast raised to 0.78 from 0.77 - Rabobank

FXStreet reports that optimism regarding the reflection trade should be broadly supportive of the AUD but the RBA’s QE policy and trade tensions between Australia and China may keep a lid on upside potential. All in all, economists at Rabobank have raised their 12-month forecast to 0.78 for the AUD/USD pair.

“For now we expect that policy settings will remain extremely accommodative. While the reflation trade should keep AUD/USD well supported, RBA policy combined with the fear of trade tensions with China could keep a lid on further gains for AUD/USD.” 

“We have revised up our 12-month target a touch to 0.78 from 0.77.”

You may also be interested:

05:30 19.01.2021
Commodities. Daily history for Monday, January 18, 2021
Raw materials Closed Change, % Brent 54.76 0.04
03:30 19.01.2021
Schedule for today, Tuesday, January 19, 2021
Time Country Event Period Previous value Forecast 07:00 (GMT) Germany CPI, m/m
03:15 19.01.2021
Currencies. Daily history for Monday, January 18, 2021
Pare Closed Change, % AUDUSD 0.76771 -0.38
Bonuses VIP