Says Westpac chief economist Bill Evans

  • Westpac lowers AUD/USD's year-end forecast to 0.6600 from 0.7000
  • Doesn't expect confidence "vibe" around AUD to improve for remainder of this year
  • Negative market perceptions around China and Australia's trade exposure to China are likely to persist
  • Sees EM woes continuing
  • Financial markets remaining volatile

via Bloomberg