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Westpac write that "the AUD, as a proxy......>

AUSSIE
AUSSIE: Westpac write that "the AUD, as a proxy for global risk sentiment, will
continue to be buffeted by coronavirus concerns, with a dip below $0.67 likely.
However, such dip could be short-lived, as solid labour market data indicates
little need for the RBA to ease in February. Beyond that, we expect growth will
be seen as slowing and labour market strength will unravel, causing the RBA to
cut the cash rate to 0.50% in April and again in August to 0.25%, after which
AUD is expected to revisit $0.66."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MarketsFixed Income BulletsForeign Exchange Bullets

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