AUD/USD has been trending decrease because the begin of the month. Because the Reserve Financial institution of Australia (RBA) is about to keep up a dovish stance, economists at Rabobank count on the aussie to tick down in the direction of 0.72.
AUD/USD to battle to get well the misplaced floor
“The RBA’s central forecast for the Wage Value Index is for a rise of simply 2.5% in 2022 and three% in 2023. Underlying inflation is predicted at 2.25% in 2022 and a pair of.5% in 2023. The central message stays a dovish one.”
“Assuming the RBA reiterates a cautiously dovish message in its subsequent coverage assembly AUD/USD may battle to win again floor.”
“We goal a transfer to 0.72 on a three-month view.”