Saxo: Australian dollar going to parity

Wednesday, 27 July 2016

From the ABC:

TICKY FULLERTON: Let me ask you about the Australian dollar first, because parity with the US dollar: that’s quite a big call. You made that call in March. A few things have happened since then. Are you still comfortable with that?

STEEN JAKOBSEN: I’m very comfortable. But of course, the word you left out is: “when” it’s going to go to one.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.