AUD/USD: Recovery to stall around the 0.71/0.72 zone – ING AUDUSD RBA Banks
entials are a secondary driver for the pair, according to economists at ING who expect the aussie to be capped at the 0.71/72 area.“While policymakers decided to end asset purchases, such a decision explicitly ‘does not imply a near-term increase in interest rates’.”
“Periods of USD long trimming should still see AUD emerge as an outperformer due to its still extensive net-short positioning, but we think the very USD-supportivestance on tightening will prevent a significant rebalancing in USD positioning for most of 2022. Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
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