Australian Greenback is considered one of ING’s favorite currencies for upcoming age.
AUD in an excessively nice place
Our favorite foreign money in 2024 is the Australian Greenback. Top US charges and vulnerable Chinese language enlargement have repressed it and made it essentially the most undervalued foreign money within the G10 area.
The let fall valve of decrease US charges will have to permit the Aussie to supremacy the foreign money cure in opposition to the United States Greenback. A hawkish Stock Vault of Australia will have to now not harm both.
AUD/USD – 4Q23 0.64 1Q24 0.65 2Q24 0.67 3Q24 0.69 4Q24 0.71