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Westpac Global head Fx on Australian dollar

16 March 2015

Robert discusses the factors driving the strong US$ and argues we are seeing a period of structural US$ strength. He also argues the ECB asset purchase program will continue to weigh on the euro. A strong US$, weak iron ore and another RBA rate cut this quarter will arguably continue to hurt the A$. He expects to see a 0.7500 to 0.7800 range next week.