Dollar’s strength and poor levels of risk appetite to cap upside potential – Rabobank – Crypto News – Crypto News
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AUD/USD flirts with monthly high, sits above 0.6900 amid subdued USD demand AUD/USD flirts with monthly high, sits above 0.6900 amid subdued USD demand

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Dollar’s strength and poor levels of risk appetite to cap upside potential – Rabobank – Crypto News

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Traditionally, the Australian Dollar is sensitive to the overall level of risk appetite. Thus, waning risk appetite is set to weigh on the Aussie, economists at Rabobank report.

EUR/AUD: Scope for a move to 1.59 on a six-month view

Against the backdrop of tighter monetary conditions and weaker global growth, the Australian economy is set to experience a slowdown next year. 

On balance, we expect USD strength and poor levels of risk appetite to cap upside potential in AUD/USD in the months ahead. That said, we would look to sell rallies in EUR/AUD and see scope for a move to 1.59 on a six-month view.

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