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AUD/USD to attract yield related demand - Westpac

FXStreet (Guatemala) - Rob Rennie, analyst at Westpac Banking Corporation ABN explained that many commentators tend to assume that the policy normalisation in the US implies a stronger USD and therefore a lower AUD/USD.

Key Quotes:

“In the enclosed piece we use a simple fair value model to construct confidence bands for the A$ through mid-2015 and demonstrate that consensus asset market forecasts do not project this”.

“We argue that the A$ will continue to attract yield related demand that could support it even as the US$ inevitably starts to push higher”.

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