FXStreet reports that economists at CIBC Capital Markets expect AUD to rise against the greenback but underperform against the NZD.
“In the coming month, we expect flat to positive AUD performance against the USD as the economy recovers from lockdowns, and for underperformance against the NZD to extend.”
“For AUD overall, that the RBA will be one of the later major central banks to tighten, need not be a dramatic weight on the currency, so long as the economy is recovering with low-inflation activity.”