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23 Jan 2015
AUD/USD may target 0.76 by 2015-end – DBS
FXStreet (Barcelona) - The DBS Group Research Team sets a year-end target for AUD/USD at 0.76 levels as rate cut expectations loom.
Key Quotes
“[..] pay attention to other currencies where rate cut expectations have emerged. The Canadian dollar was hammered after the Bank of Canada surprised with rate cut this week. Expectations have surfaced for Australia to be next. AUD/USD tested the psychological 0.80 level yesterday. We have a year-end target of 0.76 for the currency pair.”
“Elsewhere, the British pound and the New Zealand dollar have also come under pressure from markets removing rate hike expectations.”
Key Quotes
“[..] pay attention to other currencies where rate cut expectations have emerged. The Canadian dollar was hammered after the Bank of Canada surprised with rate cut this week. Expectations have surfaced for Australia to be next. AUD/USD tested the psychological 0.80 level yesterday. We have a year-end target of 0.76 for the currency pair.”
“Elsewhere, the British pound and the New Zealand dollar have also come under pressure from markets removing rate hike expectations.”