ING Comments on Australian Dollar After The Central Bank's Policy Decision

BY MT Newswires | ECONOMIC | 09/30/25 12:26 PM EDT

12:26 PM EDT, 09/30/2025 (MT Newswires) -- ING continues to expect the Australian dollar (AUD) to maintain its good performance into a seasonally favorable Q4.

With the Reserve Bank of Australia now sounding more cautious on rate cuts, AUD can attract good buying flows until the data offers more clarity, wrote the bank in a note.

The RBA held the cash rate steady at 3.6% earlier Tuesday.

The stabilization in United States-China trade relations also underpins the bank's bullish AUD/USD call -- targeting 0.68 near term. But ING still sees good value for AUD against other commodity/high-beta currencies, thanks to lower exposure to oil prices compared to Canadian dollar (CAD or loonie) and krone (NOK) and the RBA's standout hawkish stance.

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