From ANZ Research's "Australian Macro Weekly", I've pulled out their comments on the Australian dollar
(in brief)
- The USD is likely to remain under pressure with the US reflation trade being challenged by the pace of policy delivery.
- This should keep a solid floor under the AUD.
- With risk appetite looking stretched, however, we think the AUD will underperform on the crosses.
ANZ add:
- The AUD is approaching our short-term target and while an overshoot is possible, risks are now skewed to the downside
Forecasts:
- March (months are for 2017) 0.78
- June 0.76
- September 0.74
- December 0.72
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ps. For the Q4 GDP, ANZ are at +0.6% q/q and +1.8% y/y