Seven Reasons to Bet on a Stronger AUD/USD -- Market Talk

Dow Jones06-04

0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in, says Joe Capurso, economist at CBA. AUD/USD looks undervalued as it trades close to 0.6700, while expected gentle cuts to the Fed funds rate will translate into a stronger U.S. economy and global economy, which will support the pair, he adds. Low volatility in global markets also tends to see support for AUD/USD, while supply chains in international markets have largely stabilized, so disruptions to the global economy are less, which bodes well for AUD/USD, he adds. Recent geopolitical flareups haven't really dented confidence in AUD/USD, and that should continue. AUD/USD short positions are also unwinding, Capurso notes. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

June 03, 2024 22:00 ET (02:00 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2440126426?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-06-04 10:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2440126426","market":"fut","top_or_hot":-1,"title":"Seven Reasons to Bet on a Stronger AUD/USD -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in, says Joe Capurso, economist at CBA. AUD/USD looks undervalued as it trades close to 0.6700, while expected gentle cuts to the Fed funds rate will translate into a stronger U.S. economy and global economy, which will support the pair, he adds. Low volatility in global markets also tends to see support for AUD/USD, while supply chains in international markets have largely stabilized, so disruptions to the global economy are less, which bodes well for AUD/USD, he adds. Recent geopolitical flareups haven't really dented confidence in AUD/USD, and that should continue. AUD/USD short positions are also unwinding, Capurso notes. (james.glynn@wsj.com; @JamesGlynnWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 03, 2024 22:00 ET (02:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Seven Reasons to Bet on a Stronger AUD/USD -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSeven Reasons to Bet on a Stronger AUD/USD -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-04 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in,...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AUD","symbol_name":"Audacy Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2440126426","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2440126426","pubTimestamp":1717466400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in, says Joe Capurso, economist at CBA. AUD/USD looks undervalued as it trades close to 0.6700, while expected gentle cuts to the Fed funds rate will translate into a stronger U.S. economy and global economy, which will support the pair, he adds. Low volatility in global markets also tends to see support for AUD/USD, while supply chains in international markets have largely stabilized, so disruptions to the global economy are less, which bodes well for AUD/USD, he adds. Recent geopolitical flareups haven't really dented confidence in AUD/USD, and that should continue. AUD/USD short positions are also unwinding, Capurso notes. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"AUD":"Audacy Inc.","USD":"ProShares Ultra Semiconductors","BK4125":"广播"},"translate_title":"押注澳元/美元走强的七个理由——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUD":1,"AUDUSD.FOREX":1,"USD":1},"content_text":"0158 GMT - CBA outlines seven reasons why AUD/USD is set to rise further this year and into 2025. The pair is already 5 U.S. cents above its cyclical low of 0.6170, with more upside looking locked in, says Joe Capurso, economist at CBA. AUD/USD looks undervalued as it trades close to 0.6700, while expected gentle cuts to the Fed funds rate will translate into a stronger U.S. economy and global economy, which will support the pair, he adds. Low volatility in global markets also tends to see support for AUD/USD, while supply chains in international markets have largely stabilized, so disruptions to the global economy are less, which bodes well for AUD/USD, he adds. Recent geopolitical flareups haven't really dented confidence in AUD/USD, and that should continue. AUD/USD short positions are also unwinding, Capurso notes. (james.glynn@wsj.com; @JamesGlynnWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 03, 2024 22:00 ET (02:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2440126426"}