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Westpac strategist Sean Callow says the Aussie can extend its 2023 gains, supported by expected RBA hikes and an improving China outlook. Westpac's year-end forecast is 74 cents, which Callow says may be conservative.
The view points to a firmer Australian dollar on rate expectations and China reopening. It is a currency forecast with no direct implication for feed commodity prices.
westpac.com.auJames ThornhillJan 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
