Australia's dollar could jump as much as five per cent by the end of the year, according to the currency's top forecaster.
Australia's dollar is set to rally as easing US-China trade tensions bolster risk assets, according to the currency's top forecaster.
"Developments in trade are what can turn the tide, and fast," Washington-based Perez said this week. "There is room for growth and as Oceania activity picks up with renewed infrastructure projects, the Aussie could surprise." "The Aussie dollar is likely to fall into the 60 cents range as the gap between the RBA's cash rate and the US Federal Funds rate will likely push further into negative territory," said Shane Oliver, head of investment strategy in Sydney. At the same time, "excessive Aussie short positions and high commodity prices will likely prevent a crash," he said.
China's vice-premier Liu He and US Treasury secretary Steven Mnuchin are trying to wrap up trade talks.Brisbane-based money manager QIC has advised its pension fund clients to short the Aussie against havens such as the dollar and yen to bet on further declines.
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