AUD/USD comments from Goldman Sachs hitting the Bloomberg
- Sees AUD/USD trough of 67 cents in 6 months
- Sees a 1 in 3 chance of an Aussie recession in the coming year
- Restates their forecast that the RBA will cut the cash rate to 1.75% at the November meeting
- Cuts Australian growth rate forecast to 2% vs 2.25%
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Sees a 2 in 3 chance of no Aussie recession in the coming year. OK, they didn't actually say that. I just figured it out all by myself (nope, didn't even use my calculator).
