CBK on the Australian dollar - looking for it to recover

Author: Eamonn Sheridan | Category: News

A snippet from CommerzBank on the AUD

  • China remains the greatest risk, 
  • The recovery of the Australian economy and thus of the AUD will depend largely on the extent to which concerns about the Chinese economy prove to be true … we are optimistic that there will not be a noticeable slump in Chinese economic growth.
  • We forecast a recovery of the Australian currency, especially against the US dollar, which is however primarily attributable to a weak greenback rather than a strong AUD
  • Fed unlikely to raise its key interest rate any further
  • ECB will also continue to pursue an expansionary monetary policy, we expect a sideways movement in EUR-AUD for the time being
  • As soon as the prospect of an interest rate hike in Australia next year emerges, the AUD should also gain against the EUR
CommerzBank on the AUD forecast

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose