Buy Australian Dollar Against The US Dollar Say MUFG, Target 0.7895

Foreign exchange rate analysts at MUFG expect that overall risk conditions will hold firm over the next few months with the Fed remaining committed to support financial conditions. It recommends buying the Australian Dollar to US Dollar (AUD/USD) exchange rate at 0.7620 with a target of 0.7895. Global Dividends in Prospect, US Dollar Outlook More Balanced After touching 0.8000 in late February, AUD/USD dipped to lows below 0.7550 before settling just above 0.7600 early this week. As a backdrop, MUFG expects increased confidence in the global growth outlook, especially if the EU can secure sustained boost in … (full story)

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