AUD/USD to maintain positive momentum – Commerzbank

AUD/USD has made some gains recently to come close to the 0.6600 level. Economists at Commerzbank analyze the pair’s outlook.

The RBA will probably stick to its restrictive stance

Unless there are surprises in terms of inflation and growth, the RBA will probably stick to its restrictive stance for the time being. 

Unlike other major central banks, interest rate cuts are unlikely to be an issue for the time being. This should support the AUD. However, developments in China remain a risk factor that should be kept in mind.