Home AUD/USD seen lower at 0.6700 in Q2 2019 – Morgan Stanley
FXStreet News

AUD/USD seen lower at 0.6700 in Q2 2019 – Morgan Stanley

Analysts at Morgan Stanley offer their outlook on the AUD/USD pair over the next 12 months, citing risks skewed to the downside.

Key Quotes:

“AUD to 0.67 cents in Q2, end year at 0.71.

Markets are currently pricing in about a 50 percent probability of an RBA rate cut over the next 12 months, fairly reflecting the economic weakness.

Under these dynamics, we see further Australian dollar downside.”

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.