The latest Reuters poll revealed that analysts maintained an optimistic outlook on the Antipodeans, despite the US-China trade escalation and falling global bond yields.
Key Findings:
“The median one-month forecast for the Aussie was trimmed a cent to $0.6800 but it was still seen at $0.7000 in six months and $0.7200 on a one-year horizon.
Similar forces were impacting on the New Zealand dollar, which crumbled to a three-and-a-half-year trough of $0.6378 this week before steadying a little at $0.6490.
Many analysts seemed to think it had found a floor, with the median poll forecast being $0.6500 out to three months, then $0.6600 for six months and $0.6777 on a one-year horizon.”
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