Bloomberg with the headline on JPM's forecast
JPM citing a weak CPI to look for rate cuts and a lower AUD
- See RBA cash rate at 1.5% by the end of 2016, with the AUD/USD at 0.7000
- The AUD to 0.6500 by June of 2017
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I reckon we'll need to see a rate hike or two from the Fed for that 65 cent call to happen. Still, 13 months away is too far for my crystal ball.
Anyone ever heard this?
- "Our main business is not to see what lies dimly at a distance, but to do what lies clearly at hand."
Works for me.
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more from JPM:
- See cash rate at 1% in the first half of 2017