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CIBC on "Upside risks to AUD" - forecast to 0.69

CIBC on the Australian dollar, forecasting 0.68 in Q3 2023 & 0.69 in Q4.CIBC cite:After surprising markets with rate hikes in May and June, RBA Governor Lowe has remained hawkish in recent speeches as he focuses on the problem of low Australian labour productivity. We think there are upside risks to the policy rate, given the persistence of high unit labour costs and high core CPI relative to other developed markets. In the near-term, there are slight headwinds from the USD side, which should ca... Read More

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Cibc

Upside

Risks

Aud

Forecast

69 upside

Forex

Posted: Jun 8 2023, 23:16

Author Name: forexlive

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