Via Rabobanbk analyst Foley on the Australian dollar, in brief.
AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year.
Citing:
a firm US dollarheadwinds due to China's economyAlso notes potentially rising political uncertainty ahead of Australia’s federal election in May, a deterioration in Australia's budget and current account positions.
Earlier from Australia, another huge job number, although full time jobs declined while part-teime surged:
Australia December 2024 unemployment rate 4.0% (vs. 4.0% expected)Pricing for February Reserve Bank of Australia rate cut jumps after the strong jobs report This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60 )
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