https://soundcloud.com/user-296808282/nab-revises-aussie-forecasts-down-against-the-us-up-against-the-euro-and-pound/s-BolN3

Changes to NAB’s FX AUD forecasts include:

• Small downward revisions to our AUD/USD projections for the remainder of 2019 and 2020
• Larger downward revisions to both Sterling and the Euro (giving higher AUD/GBP and AUD/EUR forecasts)

A key development since the last month has been evaporation of earlier optimism that the US and China would strike a comprehensive trade agreement by the time Presidents Trump and Xi arrived in Osaka for the G20 head of state meeting at the end of June.

• If instead trade tensions escalate further after this, what would it mean for the Renminbi and with that the AUD?

For further FX, Interest rate and Commodities information visit nab.com.au/nabfinancialmarkets