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Westpac lifts Australian dollar forecast to US85¢ by mid 2022
Sarah Turner
Westpac lifted its Australian dollar forecast to US82¢ by the end of 2021 and US85¢ by mid-2022. The bank cited a steepening global yield curve, the outlook for commodity prices and likely ongoing solid momentum in China.
âAs usual there are always risks principally related to the global vaccine
rollout; policy in China and the US fiscal stimulus,â chief economist Bill Evans said. âFor Australia we are less uncertain, with fiscal and monetary policy likely to remain supportive of growth throughout 2021.â
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