Philip Moffitt, Asia-Pacific head of fixed income at Goldman Sachs Asset Management
Sees the Australian dollar falling. Cites RBA will raises interest rates at a slower pace than many of its developed-world peers
- "Australia will be slow" to tighten, Moffitt said in a recent interview in Sydney
- "They are quite uncomfortable with the fact that if they surprise the market with a rate hike that the response would be that the currency would go up"
Bloomberg have more, most notably an opposite view from hedge funds ...
- leveraged accounts -- often hedge funds -- last week boosted positions that pay off if the Aussie strengthens to A$8.6 billion ($6.7 billion) worth of contracts, the highest level since 2013.