AUD/USD to appreciate from here

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

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