4 Aug 2015
AUD/USD seen at 0.7400 by year-end – TDS
FXStreet (Edinburgh) - Strategists at TD Securities believe the pair could slip towards the 0.7400 handle by end of 2015.
Key Quotes
“The AUD has fallen around 4c to just over $US0.73 in the past month, but we see a trough forming for now”.
“The RBA is not dovish enough for a further significant correction, we see another decent employment report, and iron ore seems to have found a floor”.
“As the AUD is well below the long-run average of $US0.76, the urgency to jawbone is fading, and the market is already short. Our year end target is $US0.74”.
Key Quotes
“The AUD has fallen around 4c to just over $US0.73 in the past month, but we see a trough forming for now”.
“The RBA is not dovish enough for a further significant correction, we see another decent employment report, and iron ore seems to have found a floor”.
“As the AUD is well below the long-run average of $US0.76, the urgency to jawbone is fading, and the market is already short. Our year end target is $US0.74”.