EUR/AUD was round 1.56 on the eve of Russia’s invasion of Ukraine. Its slide prolonged to close 1.43 by April. Economists at Westpac consider that the pair might race increased in direction of 1.52/53 within the short-term earlier than turning again decrease to the 1.45 space by the third quarter.
EUR/AUD might push as much as 1.52/53 near-term
“Markets worth the RBA money fee above 2.50% by end-2022 versus 0.45% for the ECB key fee.”
“Given the presently fragile world threat temper together with considerations over China, EUR/AUD might push as much as 1.52/1.53 near-term. However we count on the aussie’s fundamentals to assist the pair return to 1.45 throughout Q3.”
