RSS Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

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 RSS Rabobank sees a likely weaker AUD/USD ahead, forecast to 0.60

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Via Rabobanbk analyst Foley on the Australian dollar, in brief.

AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year.

Citing:

  • a firm US dollar
  • headwinds due to China's economy

Also notes potentially rising political uncertainty ahead of Australia’s federal election in May, a deterioration in Australia's budget and current account positions.

Earlier from Australia, another huge job number, although full time jobs declined while part-teime surged:

This article was written by Eamonn Sheridan at www.forexlive.com.
Click to read more...
 
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