The Australian dollar has a lot to offer. ING economists expect that the AUD/USD pair reaches the 0.75 level at the end of the second quarter.
Australian dollar recovery
“Australia is highly exposed to the recovery of growth prospects in China and the apparent improvement of diplomatic ties with Beijing (Remember the Sino-Australian trade war?)”.
“The Australian economy appears relatively resilientand sticky inflation is likely to force the Reserve Bank of Australia to continue raising rates, ultimately increasing the attractiveness of AUD.”
“We see little reason to go against the AUD rally at the moment, and we expect AUD/USD to touch 0.75 by the end of Q2.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
