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Citi Look For Further Upside

AUD

With AUD outperforming G10 FX peers in the wake of comments from RBA Governor Bullock, Citi have flagged the potential “more upside in AUD on further possible support for AUD via the terms of trade channel.“ They noted that their “commodities team have dialled up their near-term iron ore and copper price targets on the back of China's push to fiscal expansion.”

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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