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RBA: 1.5% by mid next year - ANZ

FXStreet (Guatemala) - Cherelle Murphy Co-Head of Australian Economics at ANZ explained that they recently lowered their interest forecast to 1.5% by mid next year for the RBA.

See here for recent AUD/USD analyses.

Key Quotes:

"We think further rate cuts will be necessary as concerns simmer about the unpredictability of international economic conditions, while the boost from housing starts to fade as the impact of the lower AUD on services trade lessens."

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Wall Street was a strong close today with readings signifying a delay to a Fed hike yet again. The market is looking at the timings of a Fed hike rather than earnings it appears.
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USD/JPY: bulls looking for 119.35 - FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the USD/JPY pair fell down to 118.05, extending its decline for a third day in a row, on technical selling and despite the strong upward momentum in Asian and European stocks.
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