The National Australia Bank has lowered its forecasts for the AUD/USD
Forecasts:
- December 2015, cut from 0.72 to 0.70
- December 2016, cut from 0.73 to 0.70 also
Cites:
- Says the market is not pricing a Federal Reserve September rate hike adequately
- As we approach the September FOMC meeting date expects pricing to better reflect rate hike
- Says questions about the strength of the Chinese economy
- Also highlights weakness in export prices