AUD/USD: No confidence for a sustained return over 0.70 in the short-term – SocGen AUDUSD RBA China Banks
The AUD languished in Q1 and indifferent price action marked the start of Q2. Economists at Société Générale expect AUD/USD to remain below the 0.70 mark.kept rates unchanged as expected but wild swings in US bond yields and the mixed start to April for Chinese assets and industrial metals do not inspire confidence for a sustained return of AUD/USD over 0.70 in the short-term.”
“The minutes of the last meeting will be released on 18 April. The level of unanimity or discord around the April pause will give us a better indication of the likelihood that rates have peaked.” 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.
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