Usd to lkr calculator: It’s Time to Buy the Australian Dollar say Morgan Stanley and RBC

“Given the recent improvement in local data and the rebound in China, we think risk/reward favours a higher AUDUSD. However, due to weaker domestic conditions, we do not expect AUDUSD to materially benefit from stronger growth abroad. Due to the limited upside, we think the best expression of AUD would via a long AUDNZD position to benefit from idiosyncratic weakness in New Zealand,” says Hans Redeker, head of FX strategy at Morgan Stanley , in a recent note to clients. 

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