Aussie to lead the currency recovery against the US Dollar – ING
Australian Dollar is one of ING’s favourite currencies for next year.
AUD in a very advantageous position
Our favourite currency in 2024 is the Australian Dollar. High US rates and weak Chinese growth have repressed it and made it the most undervalued currency in the G10 space.
The release valve of lower US rates should allow the Aussie to lead the currency recovery against the US Dollar. A hawkish Reserve Bank of Australia should not hurt either.
AUD/USD – 4Q23 0.64 1Q24 0.65 2Q24 0.67 3Q24 0.69 4Q24 0.71
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.