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3 Mar 2015
AUD/USD year-end target around 0.7500 – TDS
FXStreet (Edinburgh) - Strategists at TD Securities see the pair heading towards 0.75 in late 2015.
Key Quotes
“Bond yields low as the RBA keeps an easing bias and cuts to a record low 2% in May. We prefer SSAs for yield as semi issuance shrinks on asset sales (ex-QTC). Yields and spreads remain very attractive”.
“We target $US0.75 by year end, $US0.78 is topside”.
“Low yields and commodity prices to weigh on the currency. Offshore flows are less supportive for the AUD this year”.
Key Quotes
“Bond yields low as the RBA keeps an easing bias and cuts to a record low 2% in May. We prefer SSAs for yield as semi issuance shrinks on asset sales (ex-QTC). Yields and spreads remain very attractive”.
“We target $US0.75 by year end, $US0.78 is topside”.
“Low yields and commodity prices to weigh on the currency. Offshore flows are less supportive for the AUD this year”.