AUD/USD: Could drop back to the 0.64 area on 1-3M – Rabobank

itially dropped but then rebounded. AUD/USD is hovering around 0.6500, marginally lower for the day. Analysts at Rabobank consider the AUD/USD could drop back to the 0.64 area in a one to three months period and then could rise toward 0.69 in the middle of 2023. to surprise the market with a smaller than expected 25 bp rate hike brought relief to the Australian stock market.

“We retain our view that AUD/USD could dip back to the 0.64 region on a 1-to-3-month view, with scope to recover to 0.69 in the middle of next year.” 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. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

Source: News Formal (newsformal.com)

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