Westpac Forecasts Three Rate Cuts in 2019

Westpac: RBA to cut the cash rate to 0.75% by November; AUD to USD0.66 by end 2019

That's only a modest rise in USDAUD from 1.45 to to 1.51. I expect a larger move, but that's based on global conditions. If gold were to hold around US$1300 an ounce and Westpac's forecast is accurate, it would make for a clean bullish breakout to a new all-time high in Australian dollars.

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