News Formal

AUDUSD: Tough financial market conditions will weigh on the aussie before recovery can take hold – MUFG

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

AUDUSD: Tough financial market conditions will weigh on the aussie before recovery can take hold – MUFG AUDUSD Australia RBA Banks

from 0.7167 to 0.6888. Beyond some near-term challenges, the outlook for AUD is better. Therefore, economists at MUFG Bank expect the aussie to recover by the end of the year.“We see risk potentially deteriorating further with corporate earnings coming under pressure, corporate credit worsening and inflation remaining elevated over the short-term. The speed in which the Fed and other central banks are now hiking will have a negative impact on risk, the global growth outlook and hence AUD.

“The market is currently priced for around 225 bps of RBA rate hikes which we do not believe will be delivered. But it will be similar for the If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 14. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Colorado’s cannabis industry prepares for tough times as U.S. recession loomsColorado’s cannabis industry is preparing for tough times as marijuana sales drop and economic problems pile up.
Källa: denverpost - 🏆 13. / 72 Läs mer »