23 Jul 2015
AUD/USD on its way to 0.70/0.72 in upcoming months – Westpac
FXStreet (Edinburgh) - Sean Callow, Strategist at Westpac, sees the pair visiting the 0.70/0.72 area in the next months.
Key Quotes
“The commodity price mood remains unhelpful, encouraging positioning for a test of 0.70/0.72 multi-month”.
“However, there is no panic on iron ore for now and Australia’s domestic story is fairly neutral”.
“The Q2 CPI and Stevens speech leave us comfortable calling rates on hold into 2016”.
“Those looking for RBA easing aren’t likely to find much inspiration in the calendar in the week ahead”.
“Look for AUD/ USD to trade mostly 0.7340-0.7450”.
Key Quotes
“The commodity price mood remains unhelpful, encouraging positioning for a test of 0.70/0.72 multi-month”.
“However, there is no panic on iron ore for now and Australia’s domestic story is fairly neutral”.
“The Q2 CPI and Stevens speech leave us comfortable calling rates on hold into 2016”.
“Those looking for RBA easing aren’t likely to find much inspiration in the calendar in the week ahead”.
“Look for AUD/ USD to trade mostly 0.7340-0.7450”.