Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Given the current and projected situation with bond yields - U.S. falling faster than Australian, is now an appropriate time to buy AUDS? And consequently, do you have a projection for where the AUD will sit in USD value in say 12 months? Cheers, Nick
Hi Nick,
A great question, considering the respective stances of the Fed & RBA we believe the interest rate differential between both countries will close through 2024, and its these rate differentials that drive currencies.
It feels like “now or never” at least for the foreseeable future, we are bearish the $US which by default is supportive of the AUDS – we can see the $A back over 70c in the coming months with the 75c area not out of the question on a 12 month view.
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