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Westpac Global head FX on the Australian dollar and rate cuts
02 February 2015
Robert Rennie, Global Head FX and Commodity Strategy, discusses the very stormy backdrop for this week’s RBA meeting with central banks in Europe, Switzerland, Denmark, India, Singapore and Canada all announcing significant monetary policy shifts in recent weeks. Westpac has for some time been forecasting an RBA rate cut next week and Robert expects to see further weakness in the A$ and highlights we could see it as low as 0.75 through the next few months.