17 Jul 2015
Expect AUD/USD to drop to the 0.67 handle in 12-month – Goldman Sachs
FXStreet (Edinburgh) - Analysts at Goldman Sachs see the Aussie dollar slipping to the 0.67 level in a 12-month horizon against the greenback.
Key Quotes
“Significant commodity price declines and sharp downward revisions to iron ore and coal forecasts by our Commodity team is sufficient to expect further A$ weakness through 2015”.
“We expect US economic outperformance to be reestablished, additional RBA policy easing and deteriorating external accounts to be key factors”.
“We retain our 3-, 6- and 12-month forecasts for A$/US$ at 0.73, 0.70 and 0.67 on a 3-, 6- and 12-month view”.
Key Quotes
“Significant commodity price declines and sharp downward revisions to iron ore and coal forecasts by our Commodity team is sufficient to expect further A$ weakness through 2015”.
“We expect US economic outperformance to be reestablished, additional RBA policy easing and deteriorating external accounts to be key factors”.
“We retain our 3-, 6- and 12-month forecasts for A$/US$ at 0.73, 0.70 and 0.67 on a 3-, 6- and 12-month view”.