By way of a bit from NAB, this briefly:
- The AUD/USD has depreciated barely over the previous month on renewed fears across the virus, with the emergence of the omicron variant.
- We’ve got revised down our forecasts barely within the nearterm – round US1c decrease by means of 2022.
- General, we see the AUD/USD round 77c by finish 2022, earlier than appreciating to a peak of US78c by This autumn 2023, after which paring again barely over 2024.
- Importantly, the trade price in each USD and trade-weighted phrases stays beneath the extent on the time of the QE announcement including assist to the choice to finish this system as we anticipate in February