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10 Dec 2014
AUD/USD may stabilize – Westpac
FXStreet (Barcelona) - Analysts at Westpac expect AUD/USD to stabilise after its recent downslide, and anticipate it to reach 0.8750-0.88 levels over the next few weeks.
Key Quotes
“AUD/USD should steady after its recent slide, with RBA rate cut pricing waning on a stable growth outlook and the timing arguably not right for sustained broad USD strength. Commodity prices could also become less of a weight into Dec. AUD/USD looks to 0.8750-0.88 over 4-6 weeks. This would see AUD/CNY around 5.35-5.40.”
Key Quotes
“AUD/USD should steady after its recent slide, with RBA rate cut pricing waning on a stable growth outlook and the timing arguably not right for sustained broad USD strength. Commodity prices could also become less of a weight into Dec. AUD/USD looks to 0.8750-0.88 over 4-6 weeks. This would see AUD/CNY around 5.35-5.40.”