Bloomberg with the headline on JPM’s forecast
JPM citing a weak CPI to look for rate cuts and a lower AUD
– See RBA cash rate at 1.5% by the end of 2016, with the AUD/USD at 0.7000
-I reckon we’ll need to see a rate hike or two from the Fed for that 65 cent call to happen. Still, 13 months away is too far for my crystal ball.