ANZ's outlook for the Australian dollar in the week and month ahead.

The bank has fair value at 0.65

  • Outlook for the week is 'mildly bearish'
  • For the month, 'bearish'

Comments in brief:

  • weak external environment pushed it lower in 2018,
  • recovery was not enough to lift it in 2019, as the domestic policy environment turned dovish
  • have now broken support
  • How low the AUD falls will be defined by how aggressively the RBA eases and the success of Chinese stimulus efforts.