Jinshi Digest: Is the Australian dollar sought after? An overview of views from multiple investment banks

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  1. Citigroup: If the US dollar is the least popular long positions, then the most popular should be the Australian dollar, the decline of AUD/USD brings the opportunity to Buy the Dips. 2. UBS: Given the Intrerest Rate outlook of the Reserve Bank of Australia, the performance of the Australian dollar against the New Zealand dollar and other low-yielding currencies will be “very good” in the next 6 months. 3. Credit Suisse: Considering that the speed of interest rate cuts by the Reserve Bank of Australia may not be as fast as the United States, the Australian dollar against the US dollar may continue to strengthen. 4. Bank of America: Due to the narrowing of the interest rate differential between the Australian dollar and the US dollar, it is expected that the Australian dollar against the US dollar will gradually pump in the next few quarters. 5. Westpac: Due to the tough stance of the Reserve Bank of Australia and the weak US dollar, AUD/USD may test 0.7000 in 3-6 months. 6. Commonwealth Bank of Australia: After the lower-than-expected inflation slowdown in July, the Australian dollar may continue to rise and hit a new high for the year.
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WinEveryBet666vip
· 2024-08-28 06:42
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WinEveryBet666vip
· 2024-08-28 06:31
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