Goldman Sachs is expecting a rough year for the Australian dollar. They see a ‘good chance’ of an RBA rate cut and AUD/USD falling sharply.
They cut the three month forecast to 85-cents from 90-cents previously. The 6-month forecast was cut to 82-cents from 88 before and the 12-month forecast was cut from 85-cents.
AUD/USD traded as high as 91-cents today before sliding to 0.9027 last.
