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Forex news -forex broker review => Forex => Topic started by: forex4you on Nov 07, 2022, 05:11 am

Title: 3 upside drivers for AUD into year-end. And 2 threats to the downside.
Post by: forex4you on Nov 07, 2022, 05:11 am
3 upside drivers for AUD into year-end. And 2 threats to the downside.

<p class="western" align="left"> This is via the folks at eFX.  </p><p class="western" align="left"> For bank trade ideas, <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">check out eFX Plus</a>. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. <a href="https://plus.efxdata.com/ad/track/4655172E54F06040571CD0AB083845AD" target="_blank">Get it here</a>.  </p><ul><li>ANZ Research discusses AUD outlook in light of revising its AUD/USD forecast to 0.65 by year-end.</li><li> "We forecast the AUD for year-end 2022 at 0.65 against the USD • We further expect the AUD to bottom out at 0.64 over Q1 2023, which coincides with a peak in the USD Index (DXY) at 115 Q1 2023 is also when we forecast the fed funds rate to peak at 5%, with the RBA expected to reach a terminal rate of 3.85% in May... From Q2 2023, we expect the AUD to begin appreciating slightly towards 0.66, ending 2023 at 0.68,"ANZ notes.</li><li> "Drivers are the strong external balance, solid consumption into year end and declining bearish positioning...Derailers are China's slowdown and market beta factors, such as the decline in global equities and global risk sentiment," ANZ adds.</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: 3 upside drivers for AUD into year-end. And 2 threats to the downside. (https://forexlive.com/news/3-upside-drivers-for-aud-into-year-end-and-2-threats-to-the-downside-20221106/https://forexlive.com/news/3-upside-drivers-for-aud-into-year-end-and-2-threats-to-the-downside-20221106/)

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