HomeForex TradingForecast for This fall and past revised decrease – CIBC

Forecast for This fall and past revised decrease – CIBC


AUD confronted a troublesome August. Economists at CIBC Capital Markets analyze Aussie’s outlook.

August sell-off to partially reverse over the medium-term

We’ve revised our AUD/USD forecast for This fall and past decrease, given the backdrop of weak Chinese language progress and dangers to international progress.

Whereas the continuation of detrimental Chinese language sentiment and potential draw back in danger can be a significant headwind for the AUD, a possible hawkish repricing of the RBA ought to restrict AUD draw back.

CPI and employment stories can be very important for our name of yet another RBA hike

AUD/USD – This fall 2023: 0.63 | Q1 2024: 0.63


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