Median forecasts for the Australian dollar via a Reuters poll:
- 0.71 in one month
- 0.72 in 3 months
- 0.74 in 12 months (range of the forecasts is from 0.66 to 0.82)
And for the kiwi:
- median 0.67 in 3 months
- 0.70 in 12
Reuters survey of up to 53 analysts
More:
- Analysts say a resolution in the trade dispute would boost the Aussie
- "The single most important event risk for all things AUD in coming weeks is the fate of U.S. and China trade talks," said Ray Attrill, currency strategist at National Australia Bank. "These need to yield agreement to a reasonably comprehensive deal as a minimum prerequisite for a recovery in global risk asset sentiment and a stronger AUD," he added. "We have lately become much more hopeful of this being realised, given that both sides now have big incentives to strike a deal."
- Given slowing global growth, financial stress and trade tension, "it seems unlikely that the A$ should trade much above the midpoint of our fair value range i.e. much above 0.73," Westpac strategist Robert Rennie said in a note on Wednesday
