AUD USD - FUNDAMENTAL ANALYSIS
Commodity Currencies Still Vulnerable
Danske expects that tighter financial conditions and vulnerability in the global economy will tend to undermine commodity currencies.
As far as the Australian dollar is concerned it adds; “With the global growth backdrop remaining weak, recovery in Chinese manufacturing losing steam and metal prices declining, the outlook for AUD FX remains modestly negative.”
Danske expects that tighter financial conditions and vulnerability in the global economy will tend to undermine commodity currencies.
As far as the Australian dollar is concerned it adds; “With the global growth backdrop remaining weak, recovery in Chinese manufacturing losing steam and metal prices declining, the outlook for AUD FX remains modestly negative.”