Standard Chartered has cuts its forecast for CAD, AUD for 2015:

  • Cites OPEC’s decision to keep its oil output unchanged & the ongoing decline in oil prices

Forecast for end-4Q 2015:

  • AUD/USD 0.7800 (0.8400 previously)
  • USD/CAD 1.1600 (1.1300)

More:

KRW:

  • Sees 1,110 (vs 1,080) for end-4Q 2015

Cites:

  • Broader USD strength and continued weakness in JPY continue to weigh on KRW
  • Recent string of weaker industrial production, confidence and trade data are also indicative of domestic slowdown

CNY:

  • Sees USD/CNY at 5.98 (vs 5.95)
  • USD/CNH at 5.97 (vs 5.94) …. both for end-4Q 2015

Cites:

  • While FX policy continues to favor CNY strength in the fixing into end-2014, onshore spot has weakened on weaker data and expectations of further easing