Kiran Kowshik, currency strategist at BNP Paribas, discusses the potential for the Aussie dollar after the Reserve Bank of Australia did not rule out the chance of further interest rate cuts.
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The Aussie dollar has rallied over the past two months, but some analysts believe the re-emergence of fears over China could cut the rally short.
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Strong data from China, Australia's largest trading partner, has lifted Aussie dollar sentiment and a move to parity versus the U.S. dollar is possible, some analysts say.
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John Noonan, Senior FX Analyst at Thomson Reuters expects the Aussie to recover further in the coming weeks, noting that a break above $0.9350 will be very positive for the currency.
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Valentin Marinov, director of FX Strategy at Citi, tells CNBC that the Aussie is buy as markets are looking at two rate cuts from the RBA by the end of the year.
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