Back

AUD/USD to eventually reach 0.68 by Q4 2024 – CIBC

AUD/USD continued to decline in September. Economists at CIBC Capital Markets analyze the pair’s outlook.

Languishing AUD 

We’ve revised our Q4 2023 forecast for AUD/USD down to 0.62, as we expect Dollar strength to persist into year-end. Global growth headwinds are likely to continue to weigh on the AUD, as European growth rolls over and the Chinese economy remains weak. Thus, it is not until Q2 2024 when we expect AUD/USD to begin rally.

We expect the pair to eventually reach 0.68 by Q4 2024.

We also expect the RBA to hike rates once more in November. While a hike should lead to some short-term gains in AUD, we expect a stronger dollar and declining global growth to dominate AUD/USD movements.

Gold Price Forecast: XAU/USD could chalk up some additional gains if Middle East conflict widens – Commerzbank

Despite higher bond yields, the Gold price gained to around $1,980 this week – its highest level in three months. Economists at Commerzbank analyze th
अधिक पढ़ें Previous

EUR/USD: Firm close on the week would boost chances of a modest extension towards 1.0650/1.0750 – Scotiabank

EUR/USD holds gains through high 1.05s. Economists at Scotiabank analyze the pair’s outlook. Solid resistance remains at 1.0610 and 1.0640 EUR/USD is
अधिक पढ़ें Next