James, our longer term forecasts are only reviewed monthly so no change right now. In the weekly FX video we usually focus on the short term outlook. Spot iron ore has risen solidly past two days - glimmer of hope for AUD??!

Sean, have developments over the past two weeks or so shifted your view on the AUD. From memory you were expecting a rally back above 90 cents... With the fall in oil prices and the rate cut in China has your position now moved?