Friday saw Westpac note that "the............>

AUSSIE: Friday saw Westpac note that "the encouraging evidence is now that the

advanced economies are making progress in containing the virus and easing

restrictions. Of course there will be disappointments & missteps (there are

genuine fears for a wide spread second virus wave in the northern winter; the

developing world is already facing a surge in new cases; and there are already

reports of rising hospital admissions in some southern states in the US) but,

with official sector support and reasonable caution, we consider it unlikely

that a sustained reversal in confidence will eventuate this year. Accordingly we

have significantly lifted our target for the AUD by year's end from US$0.68 to

US$0.72. Over the last month we moved up our target level for the AUD by end

2020 from US$0.66 to US$0.68, implying that we had become more circumspect about

the likelihood of a significant and sustained retracement of the AUD in the

second half of 2020. We still expect a much less smooth uptrend in AUD in the

second half of 2020. As we have come to expect in currency markets, considerable

"front loading" of underlying economic and market developments is the norm."