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AUD / USD expected to reach 0.80 in 2022 (RBA policy will be a driver)

 | Business News Today

AUD / USD expected to reach 0.80 in 2022 (RBA policy will be a driver)

| Breaking News Updates | Yahoo news


Brief comment via CBA of a note last week.

  • The Australian dollar is expected to rise in 2022 to reach 78 to 80 cents US by the December quarter, pending the Reserve Bank’s start to “normalize” interest rates.

The ABC also provides a snapshot of a ‘key uncertainty’ in Australia next year:

  • A key uncertainty could be the outcome of the federal election slated for May. While the opposition Labor Party is currently well ahead in most opinion polls, a tight result or even a “suspended” parliament could potentially impact investor sentiment. But a center-left government, as evidenced by the United States, could see a sharp increase in public spending.

A sharp increase in budget support to the Australian economy, as it would accelerate progress on the RBA’s inflation and unemployment targets, could, in turn, accelerate the normalization of RBA policy. and thus provide additional support to the AUD.

AUD / USD expected to reach 0.80 in 2022 (RBA policy will be a driver)

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