Since its low in October, AUD/USD has been recovering strongly. Economists at Société Générale believe that China reopening is set to boost AUD/USD beyond 0.70.
RBA meeting in February should see only a 25 bps hike
“The Chinese reopening remains the dominant macro theme in FX, while AUD/USD performance is strongly linked to Chinese equities. China grew faster than expected in 4Q22, as GDP printed at 0.0% QoQ (consensus expected -1.1%), and December activity data also surprised positively.”
“The next RBA meeting in February should see only a 25 bps hike, and the street only expects one other hike of that size to reach the terminal rate.”
“As the RBA turned dovish before most central banks, Australian growth should be one of the least impaired in G10 by the global tightening cycle, likely securing further AUD/USD gains towards 0.75.”
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發