Dec 09, 2024 (The Australian Financial Review - ABIX via COMTEX) --
The Australian dollar fell to a low of $US0.6378 last week, following the release of quarterly GDP data. The Commonwealth Bank and National Australia Bank have both warned that the currency could potentially fall below $US0.60 in 2025. However, David Adams from Morgan Stanley is upbeat about the outlook for the Australian dollar. He says investors should buy the currency and sell the US dollar, contending that the Federal Reserve is set to reduce official interest rates far more quickly than financial markets are anticipating..
Publication Date: 10 December 2024
MORGAN STANLEY AND COMPANY INCORPORATED
COMMONWEALTH BANK OF AUSTRALIA - ASX CBA
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
COMTEX_460666498/2229/2024-12-09T19:22:38
By Cecile Lefort
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