In the latest client note, the Goldman Sachs analysts offer their outlook on the Antipodeans in the coming months amid a recent shift in the monetary policy stance by the RBA and RBNZ.
Key Quotes:
“Expect RBA to remain on hold, as the economy is staying resilient despite house market issues.
Australia to benefit from improving market sentiment on the Chinese economy (stimulus coming through.
AUD/USD Forecasts:
Three months now at 0.74 vs. 0.72 previous forecast.
Six months now at 0.75 vs. 0.73 prior call.
NZD/USD Forecasts:
Three months at 0.68 vs. 0.70 previous forecast.
Six months at 0.69 vs. 0.71 prior.”
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