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AUD/USD at risk of dropping under 0.60 (unless China stimulates, big time)

AUD/USD at risk of dropping under 0.60 (unless China stimulates, big time)
Commonwealth Bank of Australia flagging the risk of a sharper decline for the Australian dollar. Say AUD will continue to underperform in 2023:We consider there is a growing risk that the Aussie dips below $0.60 before year-end. It will likely take a big Chinese stimulus package focused on commodity-intensive infrastructure spending to turn around the downtrend.---The prospect of a big Chinese stimulus package seems remote. Despite the big words from the People's Bank of China, for example, they... Read More
Posted: Aug 21 2023, 02:15
Author Name: forexlive
Views: 111845

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