United Overseas Bank analysis team suggests that over the medium term, further de-escalation of US China trade tension, coupled with broader rebound in commodities prices will likely lead to a rebound in the AUD/USD pair. Key Quotes “Since late last year, bulk commodities and industrial metals have tracked higher, leading to further strength in RBA’s Commodity Index and this is positive for Australia’s terms of trade. As such, we maintain our positive view on the AUD/USD, looking for modest strength towards 0.77 by end 2019.” 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 GBP/USD bounces off lows near 1.3220 ahead of US ISM FX Street 4 years United Overseas Bank analysis team suggests that over the medium term, further de-escalation of US China trade tension, coupled with broader rebound in commodities prices will likely lead to a rebound in the AUD/USD pair. Key Quotes "Since late last year, bulk commodities and industrial metals have tracked higher, leading to further strength in RBA's Commodity Index and this is positive for Australia's terms of trade. As such, we maintain our positive view on the AUD/USD, looking for modest strength towards 0.77 by end 2019." 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.
