# Don't Give Up on AUD Yet: Crédit Agricole

> Crédit Agricole strategist David Forrester says the Australian dollar could appreciate about 10% in 2024 as Chinese economic pessimism may be near a peak. He expects the Fed to cut rates sooner and by more than the RBA, while Australian fiscal policy becomes more supportive.

- Date: 2024-01-25 · published 2024-01-25T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/32404-don-t-give-up-on-aud-yet-credit-agricole
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A firmer AUD would reflect improved China sentiment, which supports iron ore and Australian export income. Higher AUD could also make Australian grain exports less competitive on price.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/19762-dont-give-up-on-aud-yet-credit-agricole

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.