AUD/USD starts off bid and eyes are on 0.7000/20 AUDUSD Currencies DollarIndex CPI RBA
nflationary data points that have kept the US dollar pinned down in recent times. AUD/USD is up some 0.225 at the time of writing after rallying from a low of 0.6959 to score a high of 0.6985.
Meanwhile, analysts at Rabobank explained that the risks that AUD/USD could dip back to the 0.67 level on a 3-month view on a combination of US recession concerns, a still hawkishand expectations that the RBA is close to a peak in policy. ''However, on the expectation that the Australian economy will avoid recession this year, we expect AUD/USD to find support and edge higher again in the second half of the year. We forecast a move to 0.71 in 12 months.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pairs in Focus This Week-GBP/USD, EUR/USD, USD/JPY, AUD/USDGet the Forex Forecast using fundamentals, sentiment, and technical position analyses for major pairs for the week of January 22nd, 2022 here.
Read more »
AUD/USD Price Analysis: Bulls eye 0.7020, bears target a break of H1 structure, 0.6910As per last week's end-of-week analysis, AUD/USD Price Analysis: Bulls are trapped, 0.6950 eyed before further downside potential to test below 0.6800
Read more »
Federal Reserve investigating Goldman Sachs' consumer businessThe Federal Reserve has launched a probe into Goldman Sachs' consumer business known as Marcus, reportedly over concerns that the bank did not have proper safeguards in place.
Read more »
UK activates coal reserve to boost supply during cold snapIt’s the first time National Grid Plc has needed to call on the reserve this winter.
Read more »
Federal agents shouldn’t be manipulating social media companies to censor disfavored speechThe Twitter Files are making news and making history, simultaneously.
Read more »
Hospitals Continue to Defy Federal Requirement to Publish PricesMost hospitals are not fully complying with a 2021 requirement to publish prices, a new analysis shows. The requirement was intended to increase transparency of health care costs and make it possible to shop around for the best prices of medical care.
Read more »