Via Rabobanbk analyst Foley on the Australian dollar, in brief.
AUD could weaken a little in the months ahead, Rabo says the risk is AUD/USD dropping to 0.60 by the the middle of this year.
Citing:
- a firm US dollar
- headwinds due to China's economy
Also notes potentially rising political uncertainty ahead of Australia’s federal election in May, a deterioration in Australia's budget and current account positions.
Earlier from Australia, another huge job number, although full time jobs declined while part-teime surged:
