JP Morgan remains positive on the Australian dollar: cite RBA, tax cuts ...Middle East

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JP Morgan still favours the Australian dollar despite the difficult beginning to the year for AUD:"price action has admittedly disappointed thus far into 2024"JPM lay out their reasoning (this in summary):Reserve Bank of Australia rate hike possibility remains "live" in the near term due to the outlook for still high inflation (contrasting with likely cuts from, the Federal Reserve, European Central Bank, Bank of England)The threshold for a cut from the RBA "should prove higher than for other G10 central banks"expect the RBA will be one of the last DM central banks to begin cutting ratesfiscal policy should be supportive, tax cuts coming which will "therefore be a tailwind for growth (and in

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JP Morgan remains positive on the Australian dollar: cite RBA, tax cuts ...Middle East

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