AUD/USD Outlook: Recession Risks Rise After RBA Hike
Australia’s risk of entering a recession has significantly increased. The Commonwealth Bank of Australia places the odds of an Australian recession this year at 50%. Markets indicate the possibility of two more RBA hikes reaching 4.6%. Today’s AUD/USD outlook is slightly bearish. Australia’s risk of entering a recession has significantly increased as the central bank … Continued The post AUD/USD Outlook: Recession Risks Rise After RBA Hike appeared first on Forex Crunch.
Australia’s risk of entering a recession has significantly increased. The Commonwealth Bank of Australia places the odds of an Australian recession this year at 50%. Markets indicate the possibility of two more RBA hikes reaching 4.6%. Today’s AUD/USD outlook is slightly bearish. Australia’s risk of entering a recession has significantly increased as the central bank … Continued
The post AUD/USD Outlook: Recession Risks Rise After RBA Hike appeared first on Forex Crunch.
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