27 Jul 2015
AUD/USD forecasts on track for 0.7000 - NAB
FXStreet (Guatemala) - In respect of AUD/USD, Ivan Colhoun at NAB explained that he continues to look for two rate hikes from the Fed this year.
Key Quotes:
"The first in September and a follow-up move in December. The market has a considerably less strong view of the Fed, with just one hike priced by the end of the year."
"Both of our forecasts will require a run of at least moderately strong payroll numbers – there are still two prints before the September meeting and an additional three releases before the December FOMC – to support the case. Fed tightening remains part of the expectation for further easing in the $A to the low US$0.70s by end year, a forecast that remains on track."
Key Quotes:
"The first in September and a follow-up move in December. The market has a considerably less strong view of the Fed, with just one hike priced by the end of the year."
"Both of our forecasts will require a run of at least moderately strong payroll numbers – there are still two prints before the September meeting and an additional three releases before the December FOMC – to support the case. Fed tightening remains part of the expectation for further easing in the $A to the low US$0.70s by end year, a forecast that remains on track."