AUD/USD: Lowering target range for Q4 - Credit Suisse

Lowering target range from 0.7100-0.7450 to 0.7050- 0.7400 Credit Suisse discusses its outlook for AUD/USD for Q4. "Differentials between AUD OIS and USD OIS suggest that the Antipodean currency is unlikely to get much support via the rates channel. Since Morrison introduced the 70% vaccination target in July, only the 3yr differential has meaningfully gained ground," CS notes.  "We lowered our AUDUSD target range from 0.7100-0.7450 to 0.7050- 0.7400 for Q4: the already constructive growth and policy outlook priced in ahead of key reopening dates makes us view AUD as asymmetrically exposed to the downside in the near-term. Late Sep lows around 0.7170 are likely to be in focus," CS adds. For bank trade ideas, check out eFX Plus. Invest in yourself. See our forex education hub.

AUD/USD: Lowering target range for Q4 - Credit Suisse

Lowering target range from 0.7100-0.7450 to 0.7050- 0.7400

Lowering target range from 0.7100-0.7450 to 0.7050- 0.7400

Credit Suisse discusses its outlook for AUD/USD for Q4.

"Differentials between AUD OIS and USD OIS suggest that the Antipodean currency is unlikely to get much support via the rates channel. Since Morrison introduced the 70% vaccination target in July, only the 3yr differential has meaningfully gained ground," CS notes. 

"We lowered our AUDUSD target range from 0.7100-0.7450 to 0.7050- 0.7400 for Q4: the already constructive growth and policy outlook priced in ahead of key reopening dates makes us view AUD as asymmetrically exposed to the downside in the near-term. Late Sep lows around 0.7170 are likely to be in focus," CS adds.

For bank trade ideas, check out eFX Plus.

Invest in yourself. See our forex education hub.