Goldman Sachs sees AUD/USD falling to high 60s

Goldman Sachs Asset Management, Philip Moffitt, Asia-Pacific head of fixed income

This is via Bloomberg

• Sees AUD to around the "high 60s" level against the USD


• Australia loses its yield advantage ... to disappear by mid-2018


• Fed to keep tightening, while the RBA remains on hold


• "One of the reasons why people buy Aussie dollars is it has been a relatively high yielder. That"s changing. More exposure to China, no rate movement here and rate convergence with the U.S. suggest the Aussie will go lower"


• "It"s quite likely that in 12 months Aussie short rates and U.S. short rates could be basically the same level as the Fed tightens and the RBA does nothing"

--

I posted on this sort of indicator earlier this week:  When AUD/USD was at 0.5020 this indicator was where it is now

Goldman Sachs sees AUD/USD falling to high 60s
Goldman Sachs sees AUD/USD falling to high 60s
http://www.forexlive.com/feed/news
$inline_image !!! CLICK HERE TO READ MORE !!! Goldman Sachs sees AUD/USD falling to high 60s Forex Blog | Free Forex Tips | Forex News http://www.forextutor.net/goldman-sachs-sees-audusd-falling-to-high-60s/