ING cuts year-end AUD/USD target to 0.72 but sees an RBA hike blocking a retest of June lows - investingLive
AUD/USD — All Desk Targets
| Firm | Stance | YE 2026 |
|---|---|---|
UOB | Bearish | 0.7120 |
Bank of America | Bullish | 0.7000 |
Rabobank | Bullish | 0.7200 |
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ING cuts year-end AUD/USD target to 0.72 but sees an RBA hike blocking a retest of June lows investingLive
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4 itemsING cuts year-end AUD/USD target to 0.72 but sees an RBA hike blocking a retest of June lows
Per the full ING note surfaced by Eamonn Sheridan, the desk has trimmed its year-end AUD/USD target to 0.72 while flagging that a September RBA hike to 4.60% should keep the pair clear of a retest of its June lows. The core argument is that with the 25bp move already in the price, the next leg for AUD hinges on whether Governor Bullock keeps November open, which in turn leans on oil and the fuel pass-through channel — ING cites RBA estimates that a 10% fuel-price rise adds more than 0.3pp to headline inflation. Against that, ING concedes the global bond selloff and US Treasury yields above 5.2% remain a structural headwind for the Aussie regardless of the RBA outcome. Our internal consensus sits lower, with a median Dec-26 target of 0.71 and a wide 0.66–0.73 range, while ING at 0.73 sits at the top of the table alongside UBS. With no high-impact events in the next 30 days, the trade is a slow-burn carry-and-rates story rather than an event-driven one.
UBS raises AUD/USD forecast to 0.72 from 0.70 on RBA hawkish stance - Investing.com
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