Rabobank sees a possible weaker AUD/USD forward, forecast to zero.60

By way of Rabobanbk analyst Foley on the Australian greenback, briefly.

AUD may weaken just a little within the months forward, Rabo says the danger is AUD/USD dropping to zero.60 by the the center of this 12 months.

Citing:

• a agency US greenback
• headwinds because of China’s economic system

Additionally notes probably rising political uncertainty forward of Australia’s federal election in Could, a deterioration in Australia’s finances and present account positions.

Earlier from Australia, one other large job quantity, though full time jobs declined whereas part-teime surged:

• Australia December 2024 unemployment price four.zero% (vs. four.zero% anticipated)
• Pricing for February Reserve Financial institution of Australia price minimize jumps after the robust jobs report

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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