Where to for the Australian dollar? NAB outlook.

National Australia Bank on the Australian dollar

• AUD has taken quite a knock on weak consumer confidence reading
• very much plays to the worries about the outlook for the economy and family finances
• 1% RBA cash rate now almost fully priced into the OIS curve, we aren't rushing to get too bearish on the currency at this point

Nominates a 68 - 73 range for the weeks ahead