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Westpac: Autralian dollar headed to 80 cents – MacroBusiness
See the latest Australian dollar analysis here:Macro AfternoonVia Bill Evans at Westpac: On June 5 we sharply raised our forecast profile for the AUD to reach USD 0.72 by end 2020 and USD 0.76 by end 2021. At the time AUD had just dropped back to USD 0.68 but…
On June 5 we sharply raised our forecast profile for the AUD to reach USD 0.72 by end 2020 and USD 0.76 by end 2021.
At the time AUD had just dropped back to USD 0.68 but we had decided that the resurgence we had seen since March was likely to be sustained for up to the next two years.
Since then, as can be the case in the forecasting business, the AUD has lifted steadily to USD 0.72 matching our year-end target.
The case for this momentum to stall is not convincing so we are obliged to bring…
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