12 Feb 2015
AUD/USD expected near 0.75 in 1-month – Danske Bank
FXStreet (Edinburgh) - Analysts at Danske Bank see the decline in the pair accelerating towards the 0.7500 handle within the month.
Key Quotes
“On the back of weak ‘aussie’ labour market statistics released this morning, market pricing has stepped up bets of another 25bp RBA rate cut at the March meeting to an implicit probability of 67% - up from 30% in the beginning of the week”.
“We expect RBA to cut rates by 25bp in March and expect more AUD downside to unfold in the coming months”.
“We target AUD/USD at 0.75 in 1M and 0.74 in 3M”.
Key Quotes
“On the back of weak ‘aussie’ labour market statistics released this morning, market pricing has stepped up bets of another 25bp RBA rate cut at the March meeting to an implicit probability of 67% - up from 30% in the beginning of the week”.
“We expect RBA to cut rates by 25bp in March and expect more AUD downside to unfold in the coming months”.
“We target AUD/USD at 0.75 in 1M and 0.74 in 3M”.