Analysts at Commerzbank offer a brief outlook on the Australian dollar over the coming year. Key Quotes: “China remains the greatest risk, The recovery of the Australian economy and thus of the AUD will depend largely on the extent to which concerns about the Chinese economy prove to be true “¦ we are optimistic that there will not be a noticeable slump in Chinese economic growth. We forecast a recovery of the Australian currency, especially against the US dollar, which is however primarily attributable to a weak greenback rather than a strong AUD. Fed unlikely to raise its key interest rate any further. ECB will also continue to pursue an expansionary monetary policy, we expect a sideways movement in EUR-AUD for the time being. As soon as the prospect of an interest rate hike in Australia next year emerges, the AUD should also gain against the EUR.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next BCH/USD sentiment analysis: Market remains bearish as BCH/USD opens at $127 this Wednesday FX Street 4 years Analysts at Commerzbank offer a brief outlook on the Australian dollar over the coming year. Key Quotes: "China remains the greatest risk, The recovery of the Australian economy and thus of the AUD will depend largely on the extent to which concerns about the Chinese economy prove to be true "¦ we are optimistic that there will not be a noticeable slump in Chinese economic growth. We forecast a recovery of the Australian currency, especially against the US dollar, which is however primarily attributable to a weak greenback rather than a strong AUD. Fed unlikely to raise its key… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
