Goldman Sachs Asset Management says the Aussie Dollar could go up

Philip Moffitt, GSAM’s Asia-Pacific head of fixed income says the Aussie dollar could rebound as the Federal Reserve holds off lifting interest rates and concerns about China subside. "We did interpret that decision in September as introducing something new, which was an eye on markets and risk assets. The Fed's now saying we're actually looking at all those risk assets as a guide: That's probably a nice window for those things to have a bit of a rally.” On China Moffitt says “The Chinese economy's weakening, we'd sign up for that, but it's not weakening across the board, and there are actually some parts of it that are actually doing quite well." Full article: (VIEW LINK)


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