AUD to remain vulnerable to downside - OCBC

Analysts at OCBC suggest that the AUD may remain vulnerable to downside pressure in early 2019, given its role as a proxy to East Asia and Sino-US trade developments.

Key Quotes

“Skepticism on the structural basis rooted on the suspect global economic momentum.”

“May not garner positive traction from the RBA as well, with rate hike expectations remaining far beyond the horizon.”