FXStreet reports that economists at ING expect the AUD/USD pair to march forward through the rest of the year.

“On 6 July, the RBA may announce it will not roll-over its 3-year yield-curve-control scheme beyond the April 2024 bond. The unwinding of stimulus should however be very gradual, and while the shape of QE may be tweaked, the size of it should not be materially scaled back just yet. External downside risks remain plentiful, from a potential correction in iron ore prices to more Australia-China trade tensions.”

“We think a broadly supportive risk environment can continue to put a floor below AUD/USD: we target 0.81 by year-end.”