Westpac - "Despite the better tone to iron ore and steel markets in recent weeks, the upcoming run of Chinese data is likely to add to concerns about the outlook for growth in the region. The recent downgrade of IMF China GDP forecasts arguably adds to that view. We continue to see AUD/USD targeting the 0.98-1.00 region. Further losses should be avoided with help from a dovish Federal Reserve. Any initial squeeze towards 1.03 would be a clear selling opportunity."