AUD/USD to remain below 0.73 level as RBA to stay on hold until May – ING AUDUSD RBA Commodities Ukraine Banks
sed until actual inflation is sustainably within the 2%-3% target range. Subsequently, economists at ING expectdefied any expectations that it is moving towards a more hawkish stance. The focus has remained on wage growth which ‘remains modest’, adding that ‘it is likely to be some time yet before growth in labour costs is at a rate consistent with inflation being sustainably at target’.
“AUD/USD may climb to the 0.7300 mark today on the back of relatively upbeat risk environment, but even though it is less exposed to the Ukrainian conflict than European currencies, its high beta to global sentiment continues to pose downside risks in the short-term.”Information on these pages contains forward-looking statements that involve risks and uncertainties.
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