From ANZ's weekly forex outlook, on the Australian dollar the view ahead is pretty much unchanged from last week
Which I posted here, check this out:
So, instead, ANZ this week on the EUR/USD ahead
- While the ECB is set to end QE this year, persistent soft inflation undermines its (and investors') confidence in the scope for eventual rate rises.
- Further, while activity data has stabilised, trade uncertainty is still a threat on the activity outlook.
- Euro will likely continue to trade in the usual 1.15- 1.18 range, unless we see stronger activity and inflation data.
Furher,
- ANZ nominate fair value at 1.13
- For the week ahead they are neutral
- For the month ahead, mildly bullish
