13 May 2015
Risk of weaker AUD/USD, 0.74 on 6 mth view -Rabobank
FXStreet (Bali) - Jane Foley, FX Strategist at Rabobank, continue to see risk of a weaker AUD/USD towards 0.74 area on a 6 mth view.
Key Quotes
"We expect that USD bulls can re-group but that the momentum of any further USD gains this year will lack the force that was experienced in recent months."
"Without a fast appreciation of the USD, the RBA will have more difficulty in talking down the value of AUD/USD."
"The delay in the first Fed rate hike therefore increases the likelihood that the RBA will be forced to reassert a dovish position."
"We continue to see risk of a weaker AUD/USD, a look for a move towards the 0.74 area on a 6 mth view."
Key Quotes
"We expect that USD bulls can re-group but that the momentum of any further USD gains this year will lack the force that was experienced in recent months."
"Without a fast appreciation of the USD, the RBA will have more difficulty in talking down the value of AUD/USD."
"The delay in the first Fed rate hike therefore increases the likelihood that the RBA will be forced to reassert a dovish position."
"We continue to see risk of a weaker AUD/USD, a look for a move towards the 0.74 area on a 6 mth view."