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15 Jan 2015
AUD/USD: From USD0.82 to USD0.74 by year-end - ANZ
FXStreet (Bali) - ANZ has downgraded AUD forecasts for the end of 2015 from USD0.82 to USD0.74 and for the end of 2016 from USD0.80 to USD0.72.
Key Quotes
"With the RBA back in play, domestic factors will once again become a critical element in determining the direction of the AUD."
"The impact of domestic factors on the AUD will be greater than the sum of their parts as Australia starts to suffer from an image problem."
"We downgrade our AUD forecasts for the end of 2015 from USD0.82 to USD0.74, and for the end of 2016 from USD0.80 to USD0.72. We also reassess our view on AUD/NZD and expect it to remain range bound around these historic lows."
Key Quotes
"With the RBA back in play, domestic factors will once again become a critical element in determining the direction of the AUD."
"The impact of domestic factors on the AUD will be greater than the sum of their parts as Australia starts to suffer from an image problem."
"We downgrade our AUD forecasts for the end of 2015 from USD0.82 to USD0.74, and for the end of 2016 from USD0.80 to USD0.72. We also reassess our view on AUD/NZD and expect it to remain range bound around these historic lows."