Buy the Australian Dollar: Nomura
- Category: AUD
Strategists target a higher Australian dollar with a conviction of 3/5.
The pound is set to recover in the coming days ahead of a fresh push towards October lows early in the new month.
There's definitely a more constructive feel to the pound's setup against the Australian dollar following two consecutive weekly advances.
The Australian dollar came under pressure after it was revealed Australia's unemployment rate rose to its highest since 2021.