AUD/USD trims yesterday’s gains after below forecast February CPI cements case for RBA pause next Tuesday. Nonetheless, economists at Société Générale expect the Aussie to edge higher over the medium-term.
Increased likelihood of a pause by the RBA next week and stymies support for the AUD
“In Australia, CPI surprised to the downside after slowing to 6.8% yoy in February, the lowest since last June. The decline was led mainly by housing, transport, recreation and culture. This increases the likelihood of a pause by the RBA next week and stymies support for the AUD.”
“Valuations, optimism over the Chinese economy and peak in US rates suggest AUD/USD should strengthen over the medium-term.”
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Tinggalkan pesan Anda sekarang