Antipodeans seen defying volatility in the year ahead - Reuters poll

According to the latest Reuters poll, the Antipodean currencies are expected to trade lackluster in the year ahead, despite raging volatility in global markets recently.

Key Findings:

“The survey of 50 analysts charted a steady course for the Australian dollar, which is seen at $0.7900 three months out, $0.7800 in six and back at $0.7900 in one-year.

Analysts had earlier forecast the Aussie at $0.7700 over the year.

The Aussie is a favored liquid hedging proxy during times of financial stress and moves can often be volatile in the currency.

That might explain the wide range in the forecasts from as low as $0.7000 and as high as $0.8500 on a one-year horizon.

The story was much the same for the New Zealand dollar. The median forecast put the kiwi at $0.7300 for one month, $0.7175 for three, $0.7100 for six and one-year.”