Why the $A is likely to fall further and shorting it is good protection against things going wrong globally
Why the $A is likely to fall further and shorting it is good protection against things going wrong globally Key points The downtrend in the $A from 2011 likely has more to go. The $A is near fair value, but the increasing negative interest rate gap to the US & a messy outlook for commodities suggest a fall to $US0.70 by year end. Given the downside risks for the $A and that being short the …
