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Mar 31 - 12:55 AM

AUD/USD: Time To Go Long After March Correction - SEB

By eFXdata  —  Mar 30 - 04:30 PM

SEB Research likes buying AUD/USD dips in April through year-end

"We still expect AUD/USD to reach 0.82 by end-2021. After the declines in March, we believe the time is ripe to re-enter a long AUD position. Australia’s economic recovery is beating expectations. Although the RBA will keep the policy rate steady through 2024, we see changes to the extra-ordinary policies earlier. The yield curve has steepened sharply and we expect further steepening in the coming months," SEB notes.

"Overall, we expect AUD to start regaining some of the lost ground, " SEB adds.

Source:
SEB Research/Market Commentary

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