In a note released on Monday NAB suggested...>

AUSSIE: In a note released on Monday NAB suggested that they "are struggling to

get too bearish on AUD here in the absence of a much more pronounced run up in

the USD, again not our core view. So while we are marking our short term

(end-Q2) forecast to market at 0.75, our numbers t over the remainder of the

forecast horizon aren't changed (e.g. 0.77 for end Q3 and back to 0.75 by

year-end)."

- NAB also noted that "interest rates differentials can continue to move

modestly against the AUD from the US side, but from the AUD side much has now

been priced out of the Aussie curve by way of RBA tightening (one 25-point rate

rise is now not fully prices before May 2019)."