AUD/USD to enjoy further gains towards 0.75 – SocGen AUDUSD China RBA Banks
“The Chinese reopening remains the dominant macro theme in FX, while AUD/USD performance is strongly linked to Chinese. China grew faster than expected in 4Q22, as GDP printed at 0.0% QoQ , and December activity data also surprised positively.”
“The next RBA meeting in February should see only a 25 bps hike, and the street only expects one other hike of that size to reach the terminal rate.”turned dovish before most central banks, Australian growth should be one of the least impaired in G10 by the global tightening cycle, likely securing further AUD/USD gains towards 0.75.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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