Last week we revised our FX forecasts. Our forecasts for all G10 currencies have been revised to reflect our increased conviction that the recent weakening in the USD is ’for real’ and has a fair way to play out over the coming couple of years at least. Revisions also extend to the growth/commodity-price/risk sensitive AUD and NZD, which we now forecast to reach 0.80 and 0.74 respectively in 2022 before hitting cyclical peaks. The week ahead AU/NZ. AU: The RBA meets on Tuesday, where it is almost certain the bank will keep monetary policy and its policy guidance unchanged. The post-meeting statement may provide some ... (full story)