Usd aud forecast nab: Australian Dollar Recovers Poise and is Tipped to Go Higher

“Despite the weak data release this week, market pricing for RBA cuts over the next 12 months remains unchanged, suggesting that the market is expecting the RBA will not cut further unless there is a strong deterioration in data. We continue to see the unwinding of short AUDUSD positioning to be a driving for AUD strength as the USD weakens,” says Alan Oster, chief economist at NAB. “We see the AUD/USD tracking in the mid-70c range over the next year.”

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