In an interview with Bloomberg, Julio Callegari, lead portfolio manager for local rates and FX Asia at JP Morgan Asset Management, offered a bullish view on the Australian dollar.
Key Quotes:
A worsening Australian housing slump is said to be outweighed by dovish Federal Reserve, likely global economic growth recovery in H2 2019 and lessening in US-China trade tension.
AUD/USD could rise to 0.75.
Waiting for more concrete signs of a pickup in worldwide economic growth before adding to a longs.
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