澳元:套息和增长支撑可能推动反弹——汇丰银行
汇丰银行策略师认为,澳元/美元有望在 2027 年前进一步上涨,受澳大利亚相对较高的现金和政府债券收益率支撑,这使澳元在 G10 外汇中具有吸引力,具备套息优势。

汇丰策略师认为,澳元/美元到 2027 年仍有上行空间,受澳大利亚相对较高的现金利率和政府债券收益率支撑,这使得澳元在 G10 外汇中从套息角度看具有吸引力。他们还指出,鉴于该货币对对全球增长和美国(US)经济活动韧性的敏感性,澳元/美元可能已经触底,尤其是在美联储(Fed)按兵不动时。

收益率和增长为澳元提供支撑

"我们继续认为,澳元/美元到 2027 年仍有上行空间,受澳大利亚相对较高的绝对收益率水平支撑——无论是现金利率还是政府债券收益率——这使得澳元在 G10 外汇中从套息角度看表现良好(即借入低收益货币并投资于高收益货币)。"

"鉴于澳元与全球增长动能的紧密联系,我们也有理由相信澳元/美元可能已经见底。"

"美国经济活动的韧性支撑了这一背景,并可能利好对增长敏感的 G10 货币,而澳元通常在这种环境下表现良好——尤其是在美联储按兵不动时。"

(本文由人工智能工具协助创建,并由编辑审校。了解更多。

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