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Westpac write that "AUD's fall under 0.70....>

AUSSIE
AUSSIE: Westpac write that "AUD's fall under 0.70 in early Jan (including the
'flash crash') was not a sign of things to come, as a broad recovery in risk
sentiment has helped AUD outperform (slightly) within the G10 this month.
Australia's commodity price basket is about flat. If the Fed retains its newly
cautious tone and the RBA brushes aside gloomy narratives about Australian
growth in early February, then AUD/USD should find support on dips towards
0.7050, finishing Q1 around 0.71. US-China trade talks remain a wildcard."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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