AUD/USD could recover to 0.7500 but … – JP Morgan

In an interview with Bloomberg, Julio Callegari, lead portfolio manager for local rates and FX Asia at JP Morgan Asset Management, offered a bullish view on the Australian dollar.

Key Quotes:

 A worsening Australian housing slump is said to be outweighed by dovish Federal Reserve, likely global economic growth recovery in H2 2019 and lessening in US-China trade tension.

AUD/USD could rise to 0.75.

Waiting for more concrete signs of a pickup in worldwide economic growth before adding to a longs.