Goldman Sachs on RBA 2016 rate cut speculation - most likely scenario for AUD is weaker

Comments from Philip Moffitt, head of Asia-Pacific fixed income at Goldman Sachs on the Reserve Bank of Australia

Says the RBA is more likely to cut interest rates in 2016 than lift them
"We would bet the next RBA move is still more likely a cut than a rise, and so particularly the front end of Australia looks OK on a relative basis globally."
The most likely scenario for the Australian dollar is that it will weaken over the coming year
Although if global markets stabilize it's possible that the Aussie will be supported by investors seeking additional yield