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FOMC rate hike to push A$ lower mid-year - Westpac

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Robert Rennie, Research Analyst at Westpac, suggests that the AUD, which is regarded as a liquid hedge against Chinese volatility, has benefitted from this recent calm around China.

    Key Quotes

    “However, these conditions are unlikely to persist with the expected result that the AUD will come under some renewed downward pressure. Coupled with a likely rate hike by the US Federal Reserve in June we are expecting the AUD to drift back to USD 0.72 by mid-year”.
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