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EUR/AUD to drop back to 1.59, AUD/NZD to edge towards 1.12 in a six-month view – Rabobank – Crypto News
The relative resilience of the Australian economy suggests scope for the AUD to outperform both the NZD and the EUR over the coming months, economists at Rabobank report.
AUD/USD at risk of dips to 0.62 on a three-month view
While we expect broad based USD strength and weak risk appetite to push AUD/USD back to 0.62 on a three-month view, we see the relatively better economic outlook in Australia to result in the AUD outperforming both the NZD and the EUR.
We see scope for EUR/AUD to drop back to 1.59 on a six-month view and see potential for AUD/NZD to edge towards 1.12 in a six-month view.
We expect NZD/USD to dip to 0.57 on a three-to-six-month view.
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