Aussie appears likely to decline – Wells Fargo

Economists at Wells Fargo discuss the outlook of a range of currencies such as SEK, CHF and AUD.

The Krona is likely to soften

The Krona is likely to soften, given a particularly weak Swedish economy, while the Swiss Franc should also soften, given a probable end to Swiss monetary tightening.

The Australian Dollar also appears likely to decline as a subpar Chinese economy continues to weigh on Australian economic prospects, and as we see, the Reserve Bank of Australia is likely to hold interest rates steady at upcoming meetings.