UBS predicts boost in Australian dollar amidst policy changes in US, China, and Australia ...Middle East

A note from UBS on the Australian dollar, pointing out what to look to help boost it towards 'fair value'.UBS says several of its models show that AUD/USD is undervalued around current levels. Says to watch policy developments in three nations:USChinaAustraliathat will bring AUD/USD higher. This makes sense, as we've been discussing here on ForexLive, in order of the above list:Fed halting rate hikes and perhaps even cutting in 2024Continued stimulus efforts in China to boost the economy and, hopefully, suck in more exports from AustraliaThe potential for further rate hikes in Australia given a hawkish Reserve Bank of Australia Governor Bullock and inflation stick above the bank's 2 - 3 % ta

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Last updated : 01 Dec 2023 clock 02:24 AM

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UBS predicts boost in Australian dollar amidst policy changes in US, China, and Australia ...Middle East

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