26 November 2012, 16:45  AUD/USD is above 1.05

In the Strategic Insights with the Institutional Bank note to clients, Westpac sees AUD/USD “above 1.05 likely given broad weight on USD/Asia and a market not willing to fully price an RBA cut next week,” says the bank, “ Assuming Greece gets its cash.” Despite this, “Our year end view remains 1.02 however,” the bank reckons.

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