Markets are mistaken that Australia is the great post-virus rebounder

See the latest Australian dollar analysis here:

Macro Afternoon

Via Bloomie:

For an idea of how disparate predictions are for the world’s post-coronavirus rebound, look no further than forecasts for Australia’s dollar.

Bulls such as Morgan Stanley see the currency rising to 73 U.S. cents by year-end as the worst of the pandemic eases. At the other end of the spectrum, JPMorgan Chase & Co. and Rabobank say it may tumble to the low 60s level due to slowing global growth amid a second wave of infections and U.S.-China tensions.

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