Westpac with their first quarter outlook for the Australian dollar

  • We look for a return to the 0.75 area

WPAC citing:

  • This should occur if interest rate markets move closer to Westpac's view of no change in the RBA cash rate in '18 & if the prospect of increased supply cools the recent commodity price rally
  • But a firmer US dollar is probably necessary to get as far as 0.75