AUD/USD: RBA to greatly disappoint markets, opening up the aussie to material losses – Scotiabank AUDUSD RBA Commodities Banks
have lifted the Australian dollar to lead the G10 currencies through 2022. As economists at Scotiabank think the Reserve Bank of Australia will disappoint markets, the aussie should edge lower.“Building wage pressures and rising current and expected inflation have led the RBA to tee up 2022 hikes. From expecting a ~0.75% RBA rate by end-2022 three months ago, cash rate futures have quickly added ~125 bps in extra tightening this year.
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