fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: Aud/usd Highly Vulnerable to Exogenous Shocks  Fri Jun 08, 2012 1:08 pm | |
| Aud/usd Highly Vulnerable to Exogenous Shocks Quotes from Standard Chartered: -We recently revised our AUD-USD forecasts sharply lower into 2013, and our new RBA rate profile broadly reflects that FX view. For end-Q2, Q3 and Q4-2012, we are forecasting 0.96, 0.96 and 0.99. Thereafter, for end-Q1-2013 through end-2013, we expect a gradually upward-sloping profile - 1.01, 1.03, 1.05 and 1.07 - in line with broader trends. -Looking at the rest of 2012, AUD-USD remains a higher-beta currency within the G10 space, and as such, it is highly vulnerable to exogenous shocks - both from a possible Greek exit from the euro area and from China's slowdown. In addition, Australia is undergoing a domestic slowdown as the housing market slump affects consumption. More FOREX-news on pages InstaForex.Com  TELETRADE: Forex Managed Accounts Project | |
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