Via Rabobanbk analyst Foley on the Australian dollar, in brief.
AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year.
Citing:
a firm US dollarheadwinds due to China's economyAlso notes potentially rising political uncertainty ahead of Australia’s federal election in May, a deterioration in Australia's budget and current account positions.
Earlier from Australia, another huge job number, although full time jobs declined while part-teime surged:
Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report This article was written by Eamonn Sheridan at www.forexlive.com.Hence then, the article about rabobank sees a likely weaker aud usd ahead forecast to 0 60 was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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