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Westpac Banking Corporation expected decline in AUD / USD below 0.70

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Westpac Banking Corporation expected decline in AUD / USD below 0.70 by the end of the year. This will happen despite the preservation of Australian interest rates unchanged in November. Westpac forecast for 2016 "immunity" for AUD against falling commodity prices. Now they reported that existing risks to the pair AUD / USD by the main groups of commodities are stronger than their original projections. Moreover, Westpac Banking Corporation account in its analysis and more space for growth in the  US government bonds yield, especially if they confirm the general expectations for increase in basic interest rates by the Fed in December.AUD-USD-25nov


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