Rabobank Analyst Predicts Potential Rise in Australian Dollar Amid RBA Rate Hike Expectations

Rabobank analyst Jane Foley has indicated that the Australian dollar may have further potential to rise, given the possibility of additional interest rate hikes by the Reserve Bank of Australia (RBA). According to Jin10, Foley noted that the market has fully priced in a 25 basis point rate hike within the next three months, following another round of strong labor data released on Thursday. She highlighted that while the U.S. dollar remains influenced by sentiment driven by the Middle East conflict, which could lead to significant volatility, the euro is expected to decline further against the Australian dollar, potentially returning to its March low of around 1.6130.