BlackRock: Expects the AUD to trade around 0.70 to 0.75 range in 2017

Stephen Miller, Head of Fixed Income, Managing Director, and Fund Manager at BlackRock Investment Management, Australia, is out with his outlook on the AUD/USD pair for 2017, Bloomberg reports.

Key Points:

Expects the AUD to trade around 0.70 to 0.75 range in 2017

Sees RBA on hold through 2017

Bond yields have reached a turning point, yields to rise from here