JPMorgan Asset Management on why they see the Australian dollar recovering
JPMA still acknowledge outweigh domestic risks, mainly a worsening housing slump but said this is outweighed by:
- dovish Federal Reserve
- likely global economic growth recovery in H2 2019
- lessening in US-China trade tension
Julio Callegari, lead portfolio manager for local rates and FX in Asia
- thinks AUD/USD could rise to 0.75
- waiting for more concrete signs of a pickup in worldwide economic growth before adding to a longs
