$A tipped to reach US75c as rates call spurs rally

Original article by Stephen Cauchi
The Australian Financial Review – Page: 39 : 8-Oct-15

The Australian dollar was buying $US0.718 late in trading on 7 October 2015, and some analysts are upbeat about its near-term outlook. BK Asset Management’s Boris Schlossberg says the currency could test the $US0.75 level if there is an upturn in commodity prices during the final months of 2015. Richard Franulovich of Westpac Institutional Bank says the currency could also benefit from any decline in the US dollar on a trade-weighted basis.

CORPORATES
BK ASSET MANAGEMENT, WESTPAC INSTITUTIONAL BANK, GOLDMAN SACHS ASSET MANAGEMENT, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. DEPT OF THE TREASURY

Leave a comment