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BBG: StanChart Commented In Note To Clients

BBG: StanChart Commented In Note To Clients

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Ed Thomas
04/09/2012 | 00:02 GMT
  • AUD/USD to fall to 0.9500 by end -2013, vs. prior forecast of 1.0700.
  • Cuts med-term AUD call to underweight vs overweight ; retains neutral short-term call .
  • Cites plunge in iron-ore prices as a concern .

Surprised they didn’t add in slowing China and global economic growth as a side note .

AUD/USD holding near the lows at 1.0240.

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