AUD trading below fair value, but view for week ahead is mildly bearish

A snippet on AUD/USD via ANZ. Analysts out fair value for the Australian dollar at 0.70.

View ahead:

• While an easing of geopolitical risks and globally accommodative policy have been supportive, a globally synchronised uplift in growth will be required to see the AUD lift much above current levels.
• Low domestic yields will also hamper the AUD in the medium term, as the currency loses carry characteristics.

Week ahead outlook is mildly bearish.

• Month ahead outlook is neutral.