FXStreet (Guatemala) - Eric Theoret, CFA, CMT FX Strategist at Scotiabank explained conditions surrounding AUD/USD.
Key Quotes:
"Domestically, the outlook for policy remains biased to easing, with OIS pricing a roughly 95% chance of a 25bpt rate cut over the next 12 months.
We see an elevated risk to AUD and risk assets in general as we look to the coming release of Fed minutes, providing for a potential retracement of the recent AUD rally."
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