AUD/USD: Aussie has very limited upside – SocGen

Notícias do Mercado

26 julho 2023

AUD/USD: Aussie has very limited upside – SocGen

If policy rates were everything, the Australian Dollar would be cheaper, economists at Société Générale report.

Longer-term rates suggest more range-trading

If the AUD/USD pair starts trading short-term policy-rate expectations, the AUD may be in trouble.

Historically, longer-term rates have been more of a driver, and they suggest the pair is going nowhere. Either way, we see no catalysts for a significant AUD/USD rally.

See: AUD/USD is well-supported on dips to the 0.65 zone but gains remain blocked above 0.68 – Scotiabank

United States EIA Crude Oil Stocks Change came in at -0.6M, above expectations (-2.348M) in July 21

USD/JPY to quickly target 145 on a dovish BoJ outcome – Credit Suisse

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