Aussie tipped to tread water until US lifts rates

Original article by Rose Powell
The Australian Financial Review – Page: 29 : 12-May-15

The Australian dollar was buying $US0.7893 late in trading on 11 May 2015. The currency was not unduly affected by an interest rate cut in China, while Westpac’s Robert Rennie expects it to trade at around the $US0.78 level for some time. He forecasts that it will fall to around $US0.73 by late September, while Thomas Averill of Rochford Capital does not expect further monetary policy easing in Australia.

CORPORATES
WESTPAC BANKING CORPORATION – ASX WBC, ROCHFORD CAPITAL PTY LTD, RESERVE BANK OF AUSTRALIA, SOCIETE GENERALE SA

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