Barclays: bearish on AUD/USD
Analysts at Barclays Capital lowered their AUD/USD forecasts for Q1 2015 from $0.84 to $0.80 and for the rest of the year – from $0.83 to $0.79.
In their view, Aussie dollar will remain under pressure amid slow growth in the Asian region and falling commodity prices. In the current economic conditions currency exchange rate matters for the RBA. AUD/USD rate above $0.80 is uncomfortable for the economy. That’s why the regulator is expected to cut rates by 0.25% early next year.