ICYMI - National Australia Bank (NAB) revised its year-end AUD/USD forecast higher to 0.70 ...Middle East

NAB highlighted the shifting interest rate differential between Australia and the United States as a key driver of the currency pair.

followed by additional 25bp cuts in July, August, November, and February

While the path higher for the AUD may be gradual, NAB believes broad USD softness and stabilising risk sentiment will provide tailwinds into year-end.

This article was written by Eamonn Sheridan at www.forexlive.com.

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