AUD/USD to touch 0.75 by the end of the second quarter – ING

There is really a lot to be liked about the Australian Dollar. Economists at ING expect the AUD/USD pair to reach the 0.75 level by the end of the second quarter.

All aboard the Aussie rally

“Australia is very uniquely exposed to a recovering growth outlook in China and the apparent improvement in Beijing’s diplomatic ties (remember the Sino-Australian trade war?).”

“Australian economy appears relatively resilient, and sticky inflation is likely to force the Reserve Bank of Australia to keep hiking, ultimately raising AUD's rate attractiveness.”

“We see few reasons to go against the AUD rally at the moment, and we expect AUD/USD to touch 0.75 by the end of the second quarter.”