Economists at ING discuss AUD/NZD and AUD/USD outlook.

USD decline should materialise in the second half of the year

“We think AUD can gain some relative advantage against other commodity currencies from an under-priced RBA hike, AUD/NZD upside looks rather attractive in this sense.”

“AUD/USD could remain vulnerable on the back of the challenging risk environment and USD's good momentum for a little longer. Still, we target 0.73 as the year-end value as a USD decline should materialise in the second half of the year.”