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Aussie appears likely to decline – Wells Fargo – Crypto News
Economists at Wells Fargo discuss the outlook of a range of currencies such as SEK, CHF and AUD.
The Krona is likely to soften
The Krona is likely to soften, given a particularly weak Swedish economy, while the Swiss Franc should also soften, given a probable end to Swiss monetary tightening.
The Australian Dollar also appears likely to decline as a subpar Chinese economy continues to weigh on Australian economic prospects, and as we see, the Reserve Bank of Australia is likely to hold interest rates steady at upcoming meetings.
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