Australian Dollar Forecast: AUD/USD May Rise as Dovish Fed Calms Yields, US Dollar
2021-04-17 00:00:00
Daniel Dubrovsky,
Strategist
Australian Dollar Fundamental Forecast: Bullish
Dovish Fed commentary poured cold water on rate hike expectations
Relatively quiet week may keep this momentum going for time being
The sentiment-linked Australian Dollar aimed cautiously higher this past week, but it remains lower than where it was on average against its major counterparts in February – see chart below. On the whole, the Aussie has been in a fairly consolidative state since the end of 2020, materially slowing down its upside progress since last year’s Covid-induced bottom.