Hedge Fund manager says Australian dollar to slide into the 50s

Mark Farrington, head of hedge fund Macro Currency Group in the Australian Financial Review today

• Thinks the Reserve Bank of Australia will cut twice more, potentially before the end of Q2 2016
• says "The Australian dollar needs to fall another 10 per cent"
• Based on previous commodity cycle turns and periods of US out-performance, the Australian dollar he says is likely to dip into the 50s before it bottoms out but should trade in a range of 62 to 69 in 2016
• "All the other components of the Trade Weighted Index are falling so it means it's not gaining a relative advantage. So it has to fall more against the big dollar to achieve a TWI bottom."

More at the link, above