From ANZ's FX Monthly outlook client piece

In brief (any errors are mine, no, blame Ryan not me):

  • The euro area is still in need of very loose financial conditions
  • A soft EUR is a part of that mix ... further strength remains constrained, and risks remain to the downside
  • In the UK, signs of a broadening of growth will continue to underpin expectations of policy normalisation and support the GBP
  • View on the AUD and NZD remains unchanged. The outlook for the AUD is looking more balanced, while the NZD remains an underperformer story

Forecasts for the EUR/USD:

  • September 2015 1.05
  • December 2015 0.99
  • June 2016 1.07
  • December 2016 1.12