Rabobank flags shallow AUD/USD uptrend risk into next year
Rabobank strategist Jane Foley notes AUD/USD is under pressure, with the Australian dollar the weakest G10 currency on a one-day view, while the bank still expects one more RBA rate hike.
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Rabobank’s senior FX strategist Jane Foley said AUD/USD is currently on the back foot, with the Australian dollar the weakest G10 currency on a one-day view.
Despite market doubts, Rabobank still expects one more Reserve Bank of Australia rate hike. The bank also sees a shallow uptrend risk for the Australian dollar into next year.
Source: FXStreet Forex News