AUD drops as news of QE expected from the RBA hits

Westpac have published a forecast for QE from the Reserve Bank of Australia:

• Westpac says RBA to cut cash rate to 0.25 by June 2020, QE to follow

And:

• Westpac's call for two more RBA rate cuts then QE - and where to for the AUD

The Australian dollar has lost some ground on the news: