Assessing the bull case for the Australian dollar

Monday, 1 October 2018

Via the AFR comes the charge of Aussie dollar bulls:

Morgans chief economist Michael Knox expects the dollar to hit US77¢ in the next six months as China ups domestic construction to offset any negative effect of tariffs.

…Goldman Sachs Australia and New Zealand chief economist Andrew Boak was the most bullish on the Aussie dollar, predicting it would top US80¢ within the next six months.

…Bank of America Merrill Lynch economist Tony Morriss also was bullish, forecasting the dollar would hit US78¢ by March.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.