The FT carry comments from a strategist at BNP Asset Management :
- "The [Aussie dollar] is going to get absolutely crucified . . . and could suffer a 25-30 per cent fall"
- "You could have a bloodbath, because the Reserve Bank of Australia could allow the currency to go lower, in order to attract funding and domestic inflation to ease the pain."
Article is here, there is more.
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There are clouds about for the AUD;
- house prices falling
- slow wage growth
- high household debt
- trade tensions
- slower global growth
and more.
