AUD/USD set to target 0.72 by year-end – ING AUDUSD RBA China Banks
We expect inflation to start declining at a faster pace, which should make the real policy rate less negative and ultimately mark the of end of the hiking cycle. Still, risks are firmly on the upside.
Any data surprise will likely re-ignite hawkish bets and support AUD, which is already benefiting from news of stimulus in China and a recovery in Iron Ore prices. 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.
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