BofAML: Outbreak of global peace to drive AUD to 84 cents

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Via BofAML which see the Australian dollar jumping to 84 cents by year-end 2019:

We are relatively optimistic.

The fundamentals are strong in Australia, particularly for the labour market.

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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.