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3 May 2023
AUD/USD: Positioned to grind higher into the end of the year – Rabobank
The AUD/USD pair was reasonably stable in April. Economists at Rabobank discuss the Aussie outlook for the coming months.
AUD/USD likely to fluctuate around current levels near-term
“High levels of employment, household savings and strength in Australia’s terms of trade suggest a relatively strong line up of fundamentals.”
“We maintain the view that AUD/USD is likely to fluctuate around current levels near-term but is positioned to grind higher into the end of the year.”