Australian Dollar a Sell at Danske Bank
- Category: AUD
Now is the time to sell Australian Dollars, according to a new strategy note from Danske Bank.
Australian Dollar in a Retail Bonanza
- Category: AUD
The Australian Dollar's run of gains extended after rising retail sales suggested the Reserve Bank of Australia (RBA) has less room to cut interest rates in 2024.
The Australian Dollar is one of the better performing major currencies thanks to hopes of a Chinese economic revival. But it could suffer a setback this week as embedded expectations are challenged.
MUFG Bank says it is initiating a "long AUD/USD trade idea" based on "building investor optimism towards the growth outlook in China and globally" after recent policy changes in the U.S. and China.