AUDUSD to fall below 0.7500 via ForexLive

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So says Roubini Economics senior director of research, David Nowakowski in today's Sydney Morning Herald who cites the following

  • Australia GDP will dip to 2% next year which will allow RBA to cut interest rates
  • will trigger a 20% slide in AUD
  • slower Chinese expansion in 2015 will be a headwind for Australia's economy and inflation

The Australian dollar is likely to weaken to below US75¢ – a fall of around 20% – on a combination of the lower interest rate differential and slumping GDP growth, with commodity price effects outweighing volumes

Seems like the article was published about an hour or so ago and might explain much of the AUD sell-off earlier if the news was out there prior but it's just hit the  wires

Article here

 

posted via ForexLive

Posted In: ForexGlobalEconomics
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