18 Aug 2015
RBA's preference for lower Aussie - Scotiabank
FXStreet (Guatemala) - Analysts at Scotiabank offered a snapshot outlook for AUD/USD.
Key Quotes:
"For the Australian dollar (AUD), its decline is anticipated to continue into year-end, before stabilising through 2016 on the back of a shift in its balance of risks.
While we do not anticipate any further benchmark interest rate cuts by the Reserve Bank of Australia, the country’s monetary authorities continue to stress their preference for currency weakness."
Key Quotes:
"For the Australian dollar (AUD), its decline is anticipated to continue into year-end, before stabilising through 2016 on the back of a shift in its balance of risks.
While we do not anticipate any further benchmark interest rate cuts by the Reserve Bank of Australia, the country’s monetary authorities continue to stress their preference for currency weakness."