Go Bloxo:
After a lacklustre 2017 for the local currency, a looming shift in global monetary policy is likely to support gains for the Aussie dollar, HSBC chief economist Australia and New Zealand Paul Bloxham said.
“Looking into 2018, we see the Australia dollar climbing, as we expect it to get support from a lift in global growth, which is expected to support commodity prices, and we expect the RBA to lift the cash rate in 2018,” Mr Bloxham said.
…Mr Bloxham said currencies tend to lift ahead of rate hikes, and predicts a similar force to be at work in 2018.
“We expect the Australian dollar to head towards 90 US cents,” Mr Bloxham said.
I checked the date stamp on the story and it is correct.
