AUD/USD: Potential for more recovery over the coming months – Commerzbank
|AUD/USD is still trading around 5% below its mid-July high. Economists at Commerzbank analyze Aussie’s outlook.
Downside potential again in 2025
With the US likely to enter a recession in the coming months, while the Australian economy is expected to have a soft landing, the trend is likely to reverse in the coming weeks. As a result, we see further recovery potential for the AUD in the medium term.
In 2025, inflation is likely to prove more stubborn than expected globally, as it has already in Australia. As the RBA is perceived as more hesitant and the Fed as more determined in its fight against inflation, we then see slight downside potential for AUD/USD again.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.