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Friday 17 February 2017

Danske Bank: Bank of Australia may prevent further growth of AUD/USD

AUD/USD won back almost all the losses suffered after the victory of Donald Trump in the US presidential election. The demand in mid-December was due to the uncertainty of the economic plans of the new US administration, the strong macroeconomic data from Australia, upbeat comments from Bank of Australia, as well as higher commodity prices and good appetite for risk, analysts say.

However, they believe that the Australian central bank wants to limit the potential growth of the couple through verbal intervention in case of its further strengthening. In addition, in the coming months there may be an increase in interest rates in the US. Analysts' forecasts of the bank for AUD/USD for 1, 3, 6 and 12 months, are respectively, $ 0.75, $ 0.73, $ 0.74 and $ 0.75.


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