NAB sees RBA hike supporting AUD near term, but the medium-term risk points the other way
AUD/USD — All Desk Targets
22 desks
| Firm | Stance | YE 2026 |
|---|---|---|
Citi | Bearish | 0.6700 |
Crédit Agricole | Bullish | 0.7300 |
J.P. Morgan | Bullish | 0.6800 |
From the original
The message for the Australian dollar is two-sided. A hike today, and any hint of a November follow-up, would support the currency in the near term, but NAB's argument implies the rate premium Australia now holds over other G10 markets could erode if traders begin pricing earlier
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