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The AUD/USD pair has recently made gains, edging closer to the 0.6600 level. Analysts at Commerzbank provide insights into the pair’s outlook.
The Reserve Bank of Australia (RBA) is expected to maintain its restrictive stance unless there are unexpected developments in terms of inflation and growth. Unlike other major central banks, the RBA is unlikely to consider interest rate cuts in the near future. This stance is anticipated to lend support to the Australian Dollar (AUD).
However, analysts caution that developments in China remain a risk factor that investors should closely monitor, as they could impact the AUD’s trajectory.
